Seeking Alpha

Amazon denies free streaming service report

  • "We’re often experimenting with new things, but we have no plans to offer a free streaming-media service," an Amazon (AMZN) spokeswoman tells Variety. The comments are in reference to a WSJ report stating the company is looking to launch a free/ad-supported TV and music-streaming service.
  • Deja vu: In January, Amazon denied a WSJ report stating the company is thinking of launching a Web-based pay-TV service.
  • Netflix (NFLX) is still down 1.2% premarket, in spite of higher equity futures.
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Comments (3)
  • AssafDM
    , contributor
    Comments (8) | Send Message
    Too bad....It could have been a great idea!
    28 Mar, 10:08 AM Reply Like
  • Doc's Trading
    , contributor
    Comments (1348) | Send Message
    Whew... I was long NFLX coming in.
    28 Mar, 10:43 AM Reply Like
  • Mark Krieger
    , contributor
    Comments (4108) | Send Message
    It does not mean that they can't change their mind
    28 Mar, 01:45 PM Reply Like
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