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Amazon poised to launch online movie service to rival Netflix
Posted: 02-Feb-2011 [Source: LA Times Company Town Blog]

[Amazon in talks with various Hollywood studios and independent film makers to develop online movie service to compete directly with Netflix.]

LATimes Company Town Blog -- "Amazon.com is gearing up to be the first direct competitor to Netflix's popular online movie service.

The Web's biggest retailer has held talks with the Hollywood studios and several independent companies about acquiring library content for a subscription movie streaming service similar to Netflix, according to people familiar with the matter."

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