Amazon Trying to Create Web-based TV Service

Online retailer Amazon.com Inc is trying to create a service that gives paying subscribers unlimited access to some television shows and movies over the Internet, The Wall Street Journal reported. The Seattle-based retailer has proposed a Web-based subscription service to several major media companies including General Electric Co’s NBC Universal, Time Warner Inc and Viacom Inc, the newspaper said, citing people with knowledge of the proposal. Amazon did not return calls seeking comment. CBS, Viacom Time Warner and NBC Universal declined to comment.