Amazon says no plans to offer free video service
Amazon says it has no plans to offer a free streaming media service, addressing speculation ahead of a media event in New York next Wednesday.
The Wall Street Journal reported Amazon is considering an ad-supported streaming TV and music video service. The story followed an email Amazon sent reporters inviting them to hear about an update to its video business.
Amazon.com Inc. has invested heavily on making TV shows and movies available to customers who pay $99 a year for Amazon Prime. Members benefit from two-day shipping on certain items and access to videos including original series like "Betas" and "Alpha House."
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