- TeleRead: News and views on e-books, libraries, publishing and related topics - http://www.teleread.com -
Netflix CEO: Amazon Losing Up to $1B a Year on Streaming Video
Posted By Aggregated Content On November 16, 2012 @ 4:58 pm In Amazon | 2 Comments
Reed Hastings says that, one day, Amazon will provide real competition for Netflix.
But the Netflix CEO says Jeff Bezos will have to spend a lot of money before that happens: Hastings says Amazon is losing between $500 million and a $1 billion a year as it acquires streaming video content rights.
Hastings says he generated those numbers based on the value of the content deals that Amazon won when the two companies competed head to head.
Read Full Article  …
Source: All Things D
* * *
Article printed from TeleRead: News and views on e-books, libraries, publishing and related topics: http://www.teleread.com
URL to article: http://www.teleread.com/amazon/netflix-ceo-amazon-losing-up-to-1b-a-year-on-streaming-video/
URLs in this post:
 Image: http://www.teleread.com/amazon/netflix-ceo-amazon-losing-up-to-1b-a-year-on-streaming-video/attachment/amazon_prime-copy-300x225/
 Read Full Article: http://allthingsd.com/20121116/netflix-ceo-amazon-losing-up-to-1-billion-a-year-on-streaming-video/
 Image: http://www.teleread.com/amazon/netflix-ceo-amazon-losing-up-to-1b-a-year-on-streaming-video/attachment/tf_icons-47/
 TeleRead: http://twitter.com/teleread
 Facebook: http://www.facebook.com/TeleRead
Copyright © 2010 TeleRead: Bring the E-Books Home. All rights reserved.