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Amazon turning to streaming
May 30, 2008
Some industryites thought Netflix was crazy to start a streaming service when people could already download. Why would people want stream video when they can download it and watch it anytime?
But this week, Netflix CEO Reed Hastings projected that streaming will help the company double its subscriptions within a decade and that the streaming business will one day surpass DVD rentals. (Read the full story)
Other companies are catching on.
Amazon chief Jeff Bezos reportedly told an audience at the All Things D conference that the online retailer, which already offers downloads through its Amazon Unbox service, will rollout a for-pay streaming video service in a few weeks. (Read the story on Engadget.com)
Now who's crazy?
Posted by Samantha Clark on May 30, 2008 | Comments (0)
