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
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh
- Markets end FY24 on buoyant note amid positive global cues
- SRM Contractors IPO allotment – How to check allotment, GMP, listing date and more
- Rupee falls 6 paise to settle at 83.39 against US dollar