Amazon is preparing to expand streaming video to 200 countries globally: WSJ
Amazon.com Inc. is reportedly planning to play global catchup with Netflix Inc. . Amazon is preparing to launch its streaming video service into about 200 countries, according to The Wall Street Journal, citing sources. The Journal reported the news on Thursday following a YouTube video that hinted at the rollout. Netflix stock dropped as much as 1.4% to an intraday low of $113.56 minutes after The Journal broke the news, before paring the losses.Shares of Amazon were up more than 1% in afternoon trade and are up nearly 12% in the year to date, while the S&P 500 Index is up nearly 7%.
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