Amazon: We're Not Planning a Pay TV Service

AmazonAmazon.com denied a report that it was seeking to license TV channels to launch a broadband-delivered television service. The e-commerce colossus has approached at least three unidentified entertainment companies about licensing TV channels for an over-the-top video service, the Wall Street Journal reported, citing anonymous sources. But an Amazon rep said Tuesday that the company has no such plans. “We continue to build selection for Prime Instant Video and create original shows at Amazon Studios, but we are not planning to license television channels or offer a pay-TV service,” Amazon VP of public relations Drew Herdener wrote in an email. So far, no virtual pay-TV service has launched in the U.S. — despite intense interest around the potential for such a service, designed to steal share from incumbent players. Read the full story at Variety.