10 Updates

Amazon snares classic shows in deal with HBO

Apr 23 2014, 2:32pm CDT | by

NEW YORK (AP) — Fans of classic HBO shows like "The Sopranos" and "The Wire" will soon have access to those series and more through Amazon Prime in the first online streaming deal...

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13 weeks ago

Amazon snares classic shows in deal with HBO

Apr 23 2014, 2:32pm CDT | by

NEW YORK (AP) — Fans of classic HBO shows like "The Sopranos" and "The Wire" will soon have access to those series and more through Amazon Prime in the first online streaming deal signed by the cable network.

Starting on May 21, Amazon Prime members — who pay $99 a year for streaming entertainment, two-day shipping and other perks— will be able to watch other older shows, such as "Six Feet Under," ''Big Love," as well as early seasons of "Boardwalk Empire" and "True Blood."

Past seasons of newer shows such as "Girls," ''The Newsroom" and "Veep" will also become available throughout the multi-year agreement, about three years after airing on HBO.

The exclusive deal also includes older original movies such as "Too Big to Fail" (2011) and "Game Change" (2012), as well as original comedy specials from Lewis Black, Louis C.K., Ellen DeGeneres and Bill Maher.

There was no mention of "Game of Thrones," one of the most pirated shows in history. Other shows such as "Sex and the City" and "Entourage" were also left out of the deal.

The HBO deal is a big win for Amazon, which is competing with Netflix and Hulu for streaming viewers as more people cut the cord on cable services. Time Warner, which owns HBO, has long seen Netflix as a threat to HBO and has steadfastly refused to license even its old shows to the company for streaming.

Netflix announced its first price hike in three years this week to help pay for more original programming, such as "House of Cards." Shares of Netflix dropped almost 5 percent Wednesday following the announcement.

Amazon, too, raised the price of Prime in January from $79 a year. It was the first increase since the company introduced the service in 2005, at the time without online streaming. But Amazon has been expanding into new areas, not just movie streaming but e-readers and grocery delivery. There are even reports of an upcoming Amazon smartphone.

Amazon and HBO did not disclose the financial terms of the deal, nor its duration.

HBO Go, the network's streaming service that's currently only available to subscribers, will also be offered on Amazon's new streaming device, Fire TV, likely by the end of the year. The $99 device streams online video, music and other content to televisions, competing with the likes of Apple Inc. and Roku.

The deal "positions Prime Instant Video as a viable competitor and potentially more appealing alternative to Netflix," said Wedbush analyst Michael Pachter. "Through the HBO deal, in addition to its own original content, Amazon has the potential to offer close to 70 different series that we believe HBO owns outright, with multiple seasons available for the more successful shows. In comparison, we believe that Netflix's original series figure is closer to 10, with up to only two seasons available."

Glenn Whitehead, executive vice president of business and legal affairs at HBO, said that the company has always wanted to capitalize on its position as owners of its original programming.

The Amazon-HBO deal comes the same week that TV broadcasters are facing off at the U.S. Supreme Court with TV-over-the-Internet provider Aereo, which offers live broadcast television for a monthly fee.

Shares of Seattle-based Amazon fell $5.85, or 1.8 percent, to $323.47 in afternoon trading amid a broader market decline.

 
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7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was tol ...
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7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by ...
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8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected ...
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Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister ...
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6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Se ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skywa ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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