Netflix (NFLX) Pressured as Amazon (AMZN) Inks New Content Deal
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Netflix (Nasdaq: NFLX) is lower on the session following an announcement by Amazon.com (Nasdaq: AMZN) of a new content deal.
Earlier, Amazon announced a new content licensing agreement with A+E Networks for Amazon Instant Video.
Content includes all the popular two-word reality shows like Pawn Stars, Storage Wars, and Dance Moms.
Amazon now says it offers over 33,000 TV episodes and movies, though that number is a little high given it counts each episode of a TV show instead of the entire series. Still, the deal does add a little more ammo into Amazon's chamber.
Along with the release of Redbox Instant -- a collaboration between Verizon (NYSE: VZ) and Coinstar (Nasdaq: CSTR) -- Netflix is going to have to pull out all the stops in 2013 if it wants to remain the market leader.
One way it will be able to do that is with the integration of Facebook (Nasdaq: FB) into its platform. A recent vote from Congress will allow that to happen moving forward. Netflix already allows users to login with Facebook in several global markets it operates in, but the U.S. has been a bit of a stickler on disclosure of who is allowed to share what movies people have rented.
Netflix shares are moving between positive and negative territory Friday.
Earlier, Amazon announced a new content licensing agreement with A+E Networks for Amazon Instant Video.
Content includes all the popular two-word reality shows like Pawn Stars, Storage Wars, and Dance Moms.
Amazon now says it offers over 33,000 TV episodes and movies, though that number is a little high given it counts each episode of a TV show instead of the entire series. Still, the deal does add a little more ammo into Amazon's chamber.
Along with the release of Redbox Instant -- a collaboration between Verizon (NYSE: VZ) and Coinstar (Nasdaq: CSTR) -- Netflix is going to have to pull out all the stops in 2013 if it wants to remain the market leader.
One way it will be able to do that is with the integration of Facebook (Nasdaq: FB) into its platform. A recent vote from Congress will allow that to happen moving forward. Netflix already allows users to login with Facebook in several global markets it operates in, but the U.S. has been a bit of a stickler on disclosure of who is allowed to share what movies people have rented.
Netflix shares are moving between positive and negative territory Friday.
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