Amazon.com (AMZN) is ramping up the battle over Internet
television with a proposal for a new subscription service to deliver TV shows and
movies online, according to the Wall Street Journal.
Amazon has recently pitched this Web-based subscription
service to some major media companies including General Electric’s (GE) NBC,
Timer Warner (TWX), News Corp. (NWSA) and Viacom (VIA), the Journal reported.
The Internet retailer’s service would be a challenge to
rivals Netflix (NFLX), Google (GOOG) and Apple (AAPL). According to the
Journal, Amazon seems to be following a similar model to Netflix by pursuing
older content.
Amazon’s proposed service would be viewable on an Internet
browser or through Internet-connected TVs, Blu-ray players and Microsoft’s (MSFT)
Xbox 360, the Journal reported. The company already sells individual episodes
of TV shows on those devices for about $1.99 a piece.
Apple and Netflix are Cabot Top Ten Weekly stocks. Google is
a Cabot Benjamin Graham Value Letter stock.