Tags: Amazon | Netflix | Epix | Movies

Amazon Challenges Netflix With Epix Deal, Adding Movies to Prime

Tuesday, 04 Sep 2012 10:27 AM

Amazon Inc. and Epix announced a multiyear licensing agreement in the United States, ramping up the online retailer's Prime Instant Video movie library as Amazon is expected to launch a new version of its Kindle tablet this week.

The deal, announced on Tuesday, will mean that Prime Instant Video subscribers can have access to movies from Epix studio partners — Viacom Inc.'s Paramount Pictures, Metro-Goldwyn-Mayer Pictures, and Lions Gate Entertainment Corp .

The agreement comes as Epix 2010 deal with Netflix, which pays $200 million a year for the rights to stream movies to its U.S. customers expires in September.

Netflix shares are down 10 percent at $53.70 in morning trading.

The agreement doubles the number of titles available to more than 25,000 movies. Prime Instant Video allows members access to movies and television episodes via instant streaming.

© 2017 Thomson/Reuters. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved