Netflix, Amazon set eyes on TV

Investor's Business Daily

Major online video streamers Netflix (NFLX) and Amazon.com (AMZN) are shifting focus to TV instead of film, says a new study. Piper Jaffray analyst Michael Olson said that both companies are decreasing their reliance on hit movies in favor of streaming services, shrinking licensed offerings in favor of original programming. Netflix shares rose 1.2% to 472.35. Amazon rose 1.4 to 337.49.

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