Internet retailer Amazon will launch a streaming video service in the next few weeks to augment its digital offerings, the company's chief
executive said on Wednesday.
At lease this is what Jeff Bezos said, speaking at The Wall Street Journal's
three-day D: All Things Digital conference taking place
north of San Diego, without providing more information.
The company has been beefing up its
digital media offerings in order to better compete with
rivals such as Apple, which dominates the category
with the popular iTunes music download service.
Besides recently launching an electronic book reader,
the Kindle, Amazon has been building a digital music
store and now offers downloadable movies, television
shows and videos on its Web site.
It also has a deal with TiVo, maker of the popular
digital video recorder, that allows users to rent videos
from Amazon's Unbox service and watch them on their
Amazon is not alone in looking at streaming online
video, allowing viewers to essentially rent movies via
the Web rather than download large files to store on
personal computers or other devices.
On Wednesday, the chief executive of DVD-by-mail company
Netflix, Reed Hastings, said the company is
currently funding streaming video in order to "give us
years of subscriber and earnings expansion."