Reuters Aug 29, 2018 10:12:41 IST
Highly profitable ad sales were a bright spot for Amazon last quarter, as the company’s revenue from the category and some other items grew 132 percent to $2.2 billion.
The new free service, tentatively called Free Dive, is separate from the ad-free subscription Prime Video service, which rivals Netflix, the report said.
Amazon was not immediately available for comment.
The company is in talks with major studios to license older TV shows for the new service, which is being developed by the e-commerce company’s movie and television information website IMDB.
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