This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Amazon Planning Free TV, Music Service: WSJ

NEW YORK (TheStreet) - Amazon (AMZN - Get Report) is preparing to offer a free streaming TV and music service, according to a report from The Wall Street Journal.

That service might be an attempt by Amazon to leverage the advertising potential of its ubiquitous website and indicates a departure in strategy for Amazon, which currently bundles a Netflix (NFLX - Get Report)-like offering into its $99-a-year Prime service.

Amazon could not be immediately reached for comment for this story.

The WSJ reports that Amazon's free, ad-supported service could be launched in the next few months and would include original series and licensed programming. After the runaway success of Netflix's House of Cards, Amazon began to make its own original series. Still, the company has disclosed few financial results from its push into streaming media. Amazon's music service would likely compete more closely to Pandora (P) and would use the company's prolific web site for ad placement, the WSJ reported.

A successful rollout might indicate Amazon is interested in building an advertising business to complement its ubiquitous online marketplace. Adding a free streaming service, however, would increase the number of projects that Amazon is in the midst of rolling out.

Amazon continues to market its Kindle Fire tablets that compete against tech giants like Apple (AAPL), Google (GOOG) and Microsoft (MSFT). Meanwhile, Amazon continues to invest in projects like Prime, which may be cutting into overall profitability.

Shares in the Jeff Bezos-run company fell over 1% in Thursday trading, closing at $338.47.

-- Written by Antoine Gara in New York

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AMZN $383.39 -0.37%
NFLX $484.35 0.27%
AAPL $130.01 -0.31%
FB $79.60 -1.00%
GOOG $562.59 1.30%

Markets

DOW 18,197.53 -16.89 -0.09%
S&P 500 2,111.07 +0.33 0.02%
NASDAQ 4,985.1210 -2.7690 -0.06%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs