Amazon.com, Inc. (NASDAQ:AMZN) has announced a multi-year licensing agreement with EPIX, which is a joint venture between Viacom and a number of Hollywood studios. This agreement significantly increases Amazon’s Prime Instant Video collection. EPIX is a relatively new “multiplatform premium entertainment channel, video-on-demand, and online service” which offers original series and special events in addition to feature films.
This agreement will add thousands of new releases and classic titles to Prime Instant Video’s library. Newly available content will include movies from EPIX studio partners – Paramount Pictures, Metro-Goldwyn-Mayer Pictures, and Lionsgate.
The Prime Instant Video collection is a subset of Amazon’s video library. The Prime Instant Video collection is available for free streaming by Amazon’s Prime subscribers.
The total Amazon video library includes over 120,000 titles which are available for paid streaming, rental or purchase. These titles can be streamed to Amazon’s Kindle Fire, iPads, many HD TVs, other TVs connected to certain game consoles and set-top boxes, and desktop and laptop computers.
After Amazon announced a similar agreement with ESPN in August, the total number of movies and TV shows offered stood at about 22,000. The number will be over 25,000 with the EPIX agreement. The addition of the EPIX deal will more than double the number of titles available from Prime Instant Video since the Kindle Fire was introduced last September, according to the company.
As of mid-day, AMZN had declined 0.83% to $246.46 and its trading volume was 2.57 million shares. AMZN had a market capitalization of $110.87 billion and its price to earnings ratio stood at 299.94.