HBO Signs Exclusive Licensing Deal With Amazon Prime

HBOTake that, Netflix. Beginning on May 21 the multi-year agreement will enable Amazon Prime subscribers to stream series including The Sopranos, Six Feet Under, The Wire, and later — about three years after episodes initially air — GirlsThe Newsroom and Veep. In addition, by year end Amazon will offer HBO GO on its new Fire TV platform. (It’s already available to HBO subscribers on other devices including Google’s Chromecast.) The shows will still be available on HBO’s platforms, but the companies say that this is the first time the premium pay TV channel’s shows have been licensed to an online-only streaming service. “As owners of our original programming, we have always sought to capitalize on that investment,” HBO EVP Business and Legal Affairs Glenn Whitehead says.

Related: Will HBO’s Deal With Amazon Change The Online Video Game?

Newest Innovations In Consumer Technology On Display At 2014 International CESAmazon shares are up 1.4% pre market, and Netflix is down 2.7%, following the announcement. That suggests investors didn’t fully accept Netflix CEO Reed Hastings’ claim on Monday that the streaming video providers can peacefully coexist. “It’s a very much not a zero-sum game and we are building this ecosystem together that’s about Internet video and the more players there are in Internet video, the bigger that ecosystem gets,” he said. “The big theme is Internet video is taking share away from linear video. So we are all participating in that transformation.” He has more mixed feelings about HBO: In January he joked that HBO chief Richard Plepler’s Netflix password was probably: “Netflix bitch.”

AmazonPrimeInstantVideoStifel analyst Benjamin Mogil says HBO probably made its deal with Amazon, instead of Netflix, because there’s less overlap among their subscribers. Still, it’s “clearly a negative for Netflix, given the high profile nature of the HBO content” and could “somewhat limit” the streaming company’s just-announced plan to raise its prices for new customers. He notes, though, that HBO and Amazon released few details about the deal terms and that it doesn’t include all HBO shows.

Here’s today’s announcement from HBO and Amazon: (more…)

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