Amazon is preemptively taking on Apple TV
Gus Ruelas/Reuters
The company is looking at adding other networks, including TV and movie channels, to its offering, which it will bundle and sell to customers alongside Prime.
The move, which is still far from complete, would position Prime away from Netflix or Hulu and towards a traditional cable TV network, such as Comcast or DirecTV.
Apple is reported to be planning a similar service, bundling TV and movie channels into a package, which it can then sell to Apple TV customers.
The update to Prime will give networks and content makers access to a huge customer base, which Bloomberg claims is younger than the average cable-TV subscriber. According to the Consumer Intelligence Research Partners, Amazon's Prime service has 44 million members who spend around $1,500 (£1,000) a year.
Prime Instant Video is a big focus right now for Amazon, which recently bought the rights to Jeremy Clarkson's new TV show for $250 million (£165 million). Clarkson later made an advert for the company promoting its Fire TV service.
It's unclear when Amazon's updates to Prime Instant Video will roll-out as the deals with content providers are still being negotiated, according to Bloomberg.
Business Insider has reached out to Amazon for comment.
NOW WATCH: Easy ways to make your Mac run faster
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit