Amazon has denied the WSJ’s report that the e-commerce giant was planning to offer a free TV and music video service that would have been supported by ads.
“We’re often experimenting with new things, but we have no plans to offer a free streaming-media service,” Amazon spokeswoman Sally Fouts noted. This is the second time in recent memory that the company has had to deny a WSJ report. In January, the outlet reported that the company was looking to start an Internet-based TV service. That story was quickly denied, as well.
The service would have featured original content, said the report, similar to what is available for Prime subscribers. Prime users pay $99 a year for free two-day shipping on millions of items and access to the free streaming library of movies and TV shows.
Additionally, the service would have possibly included licensed TV programming, added the report. Regardless of the validity of the report, investors were spooked out of Netflix, with the company’s stock falling nearly 3 percent on the news.