Join        Login             Stock Quote

Amazon (AMZN), Scripps Networks (SNI) In Content Licensing Deal

 February 28, 2013 10:15 AM

(By Balaseshan) Amazon.com Inc. (NASDAQ: AMZN) has entered into a content licensing deal with Scripps Networks Interactive Inc. (NYSE: SNI). Financial terms of the agreement were not disclosed.

Under thet terms of the agreement, Seattle-based Amazon will be the first online-only subscription home for content from Scripps, which operates as a lifestyle content company.

Amazon's Prime Instant Video services will be a home to past seasons of popular shows like Rachael Ray's Week in a Day, Anthony Bourdain: No Reservations, Iron Chef America, Chopped, and Throwdown With Bobby Flay, among other shows.

[Related -Level Watching and Swing Trade Planning for Amazon (AMZN)]

Scripps family of networks include HGTV, DIY Network, Food Network, Cooking Channel and Travel Channel.

"Licensing content from our extensive library to Amazon provides our millions of avid fans with yet another opportunity to engage with our entertaining and informative content," said Scripps Networks.

The Prime Instant Video library now features more than 38,000 movies and TV episodes.

Earlier this month, Amazon announced that its Prime Instant Video services will be the exclusive online subscription home for CBS Corp.'s (NYSE: CBS) "Under the Dome" show. Amazon Prime members will have unlimited access to series episodes just four days after their initial broadcast on CBS.

[Related -Netflix, Inc. (NASDAQ:NFLX): Can Netflix Trump Amazon.com, Inc. With New Plans?]

Amazon also said the Prime Instant Video will soon become the exclusive online subscription home for PBS hit Downton Abbey.

AMZN shares rose 0.25 percent to trade at $263.82, while SNI shares traded 0.54 percent higher at $62.89 on Thursday.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageInitial Jobless Claims Rose Unexpectedly

Claims unexpectedly rose in the latest report through last weekend to breach 300,000 for the first time read on...

article imageAll Quiet on the Record High Front

What can we glean from the media’s lack of attention to the market’s recent record read on...

article imageThe Chip Maker Short Sellers Should Be Watching

Investing in semiconductor stocks is always tricky. Industry cycles can lead to bumps in the road for the read on...

article imageChicago Fed: US Economic Growth Slowed In October

The pace of US growth slowed more than expected in October, according to this morning’s update of the read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.