Amazon is said to be building a free video streaming service that will run alongside Prime Video, its paid version. According to unconfirmed reports, the e-commerce giant is talking to movie studios and TV networks about the viability of such a service. The new service would be funded by ad revenue which would be shared with content creators. The content providers would own channels on the platform while Amazon would provide the infrastructure and gather analytics for advertisers.
The company’s Prime video is a video streaming service that is part of Prime membership. Prime members pay an annual fee of $99 or a monthly fee of $10.99. This gives them access to numerous benefits including a library of millions of songs, free two-day or one-day delivery, streaming video, unlimited photo storage, video games and many more. For $8.99 per month a user will have access to Prime Video.