Amazon Deal with NBC Universal Challenges Netflix and Hulu?

Amazon sealed an agreement that allows customers to view certain movies from Universal Pictures online, creating even more competition with Netflix and, possibly, Hulu.

Amazon sealed an agreement that allows Prime customers to view certain movies from Universal Pictures online, creating even more competition with Netflix and, possibly, Hulu.

Amazon Prime’s streaming-video service is a membership program that offers subscribers discounts on shipping for a $79 annual fee. In February 2011, Amazon said it would offer Prime customers unlimited access to an online video library.

Just this last week, Amazon secured an agreement with CBS that expanded its library to more than 8,000 movies and TV shows.

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