By Alistair Barr
San Francisco (Reuters) - Amazon.com Inc unveiled a service that increases competition with Apple Inc's dominant iTunes store.
Amazon launched Amazon AutoRip, which gives customers free digital versions of music CDs they purchase from the world's largest Internet retailer.
The digital music files are automatically stored in customer libraries in remote datacenters run by Amazon, where they are available to play or download immediately through the company's Cloud Player service, the company said.
Amazon customers who have bought AutoRip-eligible CDs at any time since the company started selling discs in 1998 will also get digital versions of that music stored in their Cloud Player libraries for free, the company added.
More than 50,000 albums are available for AutoRip and Steve Boom, head of digital music at Amazon, said the company focused on music that has been the most popular among its customers during the past 15 years.
Albums include...
San Francisco (Reuters) - Amazon.com Inc unveiled a service that increases competition with Apple Inc's dominant iTunes store.
Amazon launched Amazon AutoRip, which gives customers free digital versions of music CDs they purchase from the world's largest Internet retailer.
The digital music files are automatically stored in customer libraries in remote datacenters run by Amazon, where they are available to play or download immediately through the company's Cloud Player service, the company said.
Amazon customers who have bought AutoRip-eligible CDs at any time since the company started selling discs in 1998 will also get digital versions of that music stored in their Cloud Player libraries for free, the company added.
More than 50,000 albums are available for AutoRip and Steve Boom, head of digital music at Amazon, said the company focused on music that has been the most popular among its customers during the past 15 years.
Albums include...
- 1/11/2013
- by Reuters
- Huffington Post
By Liana B. Baker
(Reuters) - Hulu, the privately held Internet streaming TV service, will generate about $695 million in revenue in 2012 and finish the year with more than 3 million paying subscribers, the company's CEO said on Monday.
The company's revenue increased 65 percent from 2011, Chief Executive Jason Kilar said in a blog post on the company's website. Subscribers to its paid service, Hulu Plus, doubled from a year ago to 3 million. Hulu Plus costs $7.99 a month, the same price as the Internet streaming service offered by its biggest rival, Netflix.
The company said it invested more than $500 million in content in 2012 and now offers 50,000 hours of video. It also said it has more than 1,000 advertisers. The company said it tripled its paying subscribers for its TV service in Japan without providing specifics.
"We are closing on a big 2012," Kilar said.
A company spokeswoman declined to comment on whether the company was profitable.
(Reuters) - Hulu, the privately held Internet streaming TV service, will generate about $695 million in revenue in 2012 and finish the year with more than 3 million paying subscribers, the company's CEO said on Monday.
The company's revenue increased 65 percent from 2011, Chief Executive Jason Kilar said in a blog post on the company's website. Subscribers to its paid service, Hulu Plus, doubled from a year ago to 3 million. Hulu Plus costs $7.99 a month, the same price as the Internet streaming service offered by its biggest rival, Netflix.
The company said it invested more than $500 million in content in 2012 and now offers 50,000 hours of video. It also said it has more than 1,000 advertisers. The company said it tripled its paying subscribers for its TV service in Japan without providing specifics.
"We are closing on a big 2012," Kilar said.
A company spokeswoman declined to comment on whether the company was profitable.
- 12/17/2012
- by Reuters
- Aol TV.
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