Tags: Amazon | Netflix | Epix | Movies

Amazon Challenges Netflix With Epix Deal, Adding Movies to Prime

Tuesday, 04 September 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.

© 2019 Thomson/Reuters. All rights reserved.

1Like our page
Tuesday, 04 September 2012 10:27 AM
Newsmax Media, Inc.

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