Amazon and HBO Take on Netflix in a Well-timed Move

If broadcast does not build it’s own dominate platform, someone else will take your viers away. That’s where comes in.

Editorial IV

In the wake of Netflix announcing a two-dollar price hike from $7.99 to $9.99 per month for new members, Amazon and HBO just revealed a new licensing agreement that will allow Prime members to stream HBO content for free beginning May 21. For Netflix, the decision to increase pricing was largely based on a need for international expansion and a desire to continue producing award-winning original content, such as the hit series House of Cards. In the case of Amazon and HBO, the decision to partner was likely based on the need to compete with Netflix. And it was well-timed.

As an avid HBO and Netflix viewer, this is good news. A higher level of competition should result in pressure on all parties to produce better content.

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AT&T creates $500M joint venture for a Netflix-style TV service


AT&T(s T), the nation’s second largest broadband provider and wireless company, is getting into the streaming business with a $500 million joint venture created to acquire, invest in and launch a Netflix(s nflx)-style video streaming service. As the television distribution model that’s been in place for decades collapses online, this deal marks the first time a big U.S. ISP has decided to go over the top with a TV service.

AT&T has joined forces with media and entertainment company the Chernin Group, and together the two companies have committed $500 million in funding to the venture. More detailed financial terms of the transaction have not been disclosed. However, the Chernin Group will bring assets to the venture, including the contribution of its majority stake in Crunchyroll, a subscription video on demand service.

From the press release, it is unclear exactly what type of content the joint venture hopes…

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