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Report: Amazon close to Viacom deal, moving toward standalone video subscription service

Report: Amazon close to Viacom deal, moving toward standalone video subscription serviceAmazon is ready to announce an online video take care of Viacom, according to a report this afternoon by Reuters — which describes the deal as one of many remaining steps prior to Amazon launching a standalone video subscription service.

The transfer would enhance Amazon’s competitors with Netflix, which has stated up to now that Amazon isn’t making a noticeable dent in its enterprise.

Amazon presently presents movies for obtain and rental by its Amazon Immediate Video service, and Amazon Prime subscribers have entry to a portion of that catalog at no-extra cost as a part of their $79/12 months subscription charge.

The Seattle firm is relying on subscriptions and content material gross sales to assist make up for the low value of its $199 Kindle Fireplace pill, which it’s promoting at or close to price in an effort to acquire market share.

Earlier this week, Verizon and Coinstar’s Redbox unit announced a streaming video partnership, in one other potential problem to Netflix.

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