Yesterday Amazon and TiVo announced a forthcoming service feature that will allow TiVo subscribers to rent or buy TV shows and movies from Amazon's Unbox video download service. In a press release, CBS, Fox Entertainment Group, Lions Gate, Paramount Pictures, Universal Studios Home Entertainment and Warner Bros. Entertainment were listed as participating networks and studios. The Amazon Unbox on TiVo is currently in beta testing. Amazon's service allows downloaded media viewing on PCs and any Windows Media Video compatible devices. The new service was described as "soon-to-be-launched" and will cost $1.99 per TV show purchase, between $9.99 - $14.99 for most movie purchases and $1.99 per movie rental. TiVo CEO Thomas Rogers comments, "Certainly there is a phenomenon of people watching short video clips on sites like YouTube. But our research clearly shows that when it comes to full-length movies and television shows, for the real experience, it needs to be on the TV set."
Sources: Press release, Forbes-AP, New York Times
Commentary: Starting Today, TiVo and Amazon Bring UnBox to TV • Wal-Mart Launches Hewlett-Packard Enabled Digital Download Site • Apple TV: Direct Attack on Cable TV's Business Model
Stocks/ETFs to watch: Amazon (NASDAQ:AMZN), TiVo (NASDAQ:TIVO). TV networks/movie studios: CBS (NYSE:CBS), Disney (NYSE:DIS), General Electric (NYSE:GE), Lions Gate (LGF), News Corp (NASDAQ:NWS), Time Warner (NYSE:TWX), Viacom (NYSE:VIA), DirecTV (DTV) • Competitors: Apple (NASDAQ:AAPL), Comcast Corp. (NASDAQ:CMCSA), Echostar Communications (NASDAQ:DISH), Google (NASDAQ:GOOG), Netflix (NASDAQ:NFLX), Wal-Mart (NYSE:WMT)
Seeking Alpha's news summaries are combined into a pre-market briefing called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only a few seconds to sign up.