News
Amazon Prime Signs Deal For Paramount Movies
By Swanni
Washington, D.C.
(May 24, 2012)
-- Amazon has signed a deal with Paramount to bring hundreds of
the studio's movies to its Amazon Prime VOD service. The list of
Paramount films include Star Trek, Top Gun, Mission Impossible
III and Braveheart.
The VOD service is free to Amazon customers who subscribe to
Amazon Prime for $79 a year. Amazon Prime offers a variety of
benefits including the VOD offering, two-day shipping and free
library lending for the Kindle ebook.
Amazon, which recently struck deals with Viacom and Disney, is
attempting to boost its Amazon Prime VOD lineup so it will be
more competitive with streaming companies such as Netflix.
However, Amazon now has only about 17,000 titles, which is well
behind the streaming libraries of Netflix and Vudu, among
others.
But Netflix CEO Reed Hastings has speculated publicly that
Amazon is planning to soon dramatically expand its VOD lineup so
it will be a more serious competitor. If true, the Paramount
deal could be a major step.
"We are
continuing to invest in building a vast selection for Prime
Instant Video and are excited to bring Prime customers some of
the most renowned and popular films in cinema history under this
new agreement with Paramount," Amazon's Brad Beale said in a
statement. _____________________________________________________________________________
