Amazon Gets Deeper Into Media Downloads (AMZN)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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amzn-logoAmazon.com, Inc. (NASDAQ: AMZN) is getting further into the media download game.  The online retail aggregator and seller of books, CDs, and DVDs has announced that its customers can now rent box-office favorites and they can purchase top TV shows in HD from Amazon Video On Demand.

Jeff Bezos and friends have noted that customers can select from more than 500 HD TV shows and movies from major studios and networks including Warner Bros. Entertainment Inc., Sony Pictures, Paramount Pictures, Metro-Goldwyn-Mayer Studios Inc., Universal Studios Home Entertainment and Showtime Networks.  This includes newly released movies and even made for TV films and episodes of  cable series.

Customers can now order and watch movies and TV shows in HD on their televisions through compatible devices such as Roku, TiVo, HD, and HD XL DVRs, and the Sony Bravia Internet Video Link.

Amazon Video On Demand’s entire library of 40,000 titles, plus HD titles, are also available from today forward on Panasonic VIERA CAST enabled HDTVs for rent between $3.99 and $4.99.

Customers can also purchase and watch HD TV shows online on their Apple or PC through compatible devices or download them to their PC for offline viewing for $2.99.

This is so far not having any impact on shares as it is still probably going to be a very incremental business for the time being.  We saw shares up 1.5% at $78.74 and the last trade so far was only at $78.80 in the after-hours session.

JON C. OGG

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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