Feeds

Amazon to buy NetFlix?

Money man spreads wild rumor

Boost IT visibility and business value

Yes, Amazon already offers a movie download service, but that won’t stop the world’s most famous web retailer from buying NetFlix, the movies-through-the-mail company that recently built an online service of its own. At least, that’s what the Associated Press is reporting.

According to the AP, a Jackson Securities analyst named Brian Bolan has "heard buyout speculation from industry contacts." With Blockbuster turning up the heat on NetFlix and Amazon shares trading higher in recent weeks, Bolan believes the rumor makes perfect sense.

"[Amazon has] excess currency, if you will. Netflix, on the other hand, has been facing stiff competition from Blockbuster and everyone else, so they've seen their stock go lower," the AP quotes Bolan as saying. Word is that NetFlix could grab more than $1.5bn from Amazon - but this comes from Bolan too.

NetFlix made its name with an online movie-rental service that sends DVDs through the mail. But early this year, the company launched a video-on-demand service, dubbed Watch Now, that streams movies straight from the Web. Amazon's Unbox site also offers movies and tv from the web, but it requires downloads.

Meanwhile, Blockbuster is moving in on NetFlix's through-the-mail business. With Blockbuster’s Total Access service, renters have the option of either ordering discs through the mail, but they can also rent from the company's nationwide network of retail stores.®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.