) recently announced that four female stars are set to join the
cast of Amazon's Original Series
. They are Cynthia Nixon (Sex and the City), Amy Sedaris (
Strangers with Candy
), a comedian Wanda Sykes (
Curb Your Enthusiasm
) and Julie White (
, written by Garry Trudeau, was one of the five pilots chosen
from a group of 14 to be produced by Amazon's film production
division, Amazon Studios.
is a political comedy about four senators who live in a rented
house in Washington DC. The other four pilots include,
, a comedy about start-up culture in Silicon Valley;
a children show about robots;
Galaxy, an animated art adventure series and
, a show about a small blue fox named Fig.
Management stated that these new series will be available by
the end of this year and in early 2014 on the Amazon Instant
Video streaming service, where viewers can watch them free of
Amazon Instant Video is a digital video streaming and download
service that lets users rent, buy or subscribe to a range of
video content. These television series will extend the archive of
comedy and children shows on Amazon's video streaming library,
making it a significant force in the video streaming segment and
increasing the competition for
Many technology companies, including Hulu and Netflix, are
getting into content production in order to reduce their reliance
on traditional media companies. Amazon is also one of the several
big streaming services working on original content. We believe
these efforts will bring in millions of dollars and help the
company to increase its market share.
Apart from developing its own original series, Amazon has also
been beefing up its Prime Instant Video service through major
licensing agreements. The company recently won the exclusive
streaming rights to the PBS hit drama,
and the upcoming CBS show,
Under the Dome
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 currently retains a Zacks Rank #3 (Hold). Another
), has a Zacks Rank #2 (Buy) and is worth considering.
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