) has renewed its content licensing agreement with CBS
Corporation (CBS) to extend the archive of television shows and
films currently available on its streaming video site, Amazon
Prime Instant Video.
Amazon Instant Video is a digital video streaming and download
service that lets users rent, buy or subscribe to a range of
The extended CBS deal will make Prime Instant Video the
exclusive online subscription service to stream the second season
of the hit CBS series
Under the Dome
, based on Stephen King's acclaimed novel of the same name. The
new episodes will be available on Prime Instant Video just four
days after they are broadcasted in summer 2014.
The new content can be streamed on all of Amazon's platforms,
including Kindle Fire and Fire HD, as well as
) iPad, iPhone and iPod touch. It is also available on Roku
) Xbox 360s,
) PlayStation 3s and Nintendo Wiis and Wii Us.
The online retailer has been consistently upgrading and
promoting movies and television shows on its streaming video
service. Over the past 12 months, Amazon has entered into a
number of deals with every major Hollywood studio, as well as
some of the major cable networks. Recently, Amazon signed a deal
with PBS Distribution for the exclusive web rights to famous
series like the Season 3 of
, taking the total number of videos on offer to 41,000.
We believe that expanding the video archive is one of the key
strategies of Prime Instant Video. The deal is the latest effort
by Amazon to strengthen its position versus
(NFLX), the leading online video subscription service in the
Though Amazon remains one of the leading players in the
fast-growing e-commerce market, it reported a loss of 1 cent in
the second quarter and missed the Zacks Consensus Estimate by 5
cents. Also, revenues of $15.70 billion were down 2.3%
sequentially but up 22.4% from the year-ago quarter.
Amazon shares currently retain a Zacks Rank #3 (Hold).
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