Jeff Bezos have to spend a ton of money before Amazon can actually give a real competition to Streaming media champion (aka Netflix). Hastings say Amazon is losing between $500 million to $1 billion a year as it acquires streaming video content rights.We don't see the day coming anytime soon, when Amazon can give a head to head competition to Netflix. Amazon right now is struggling for the market share. Netflix accounts for a whopping 33% of total web traffic and Amazon at just a mere 1.8%.
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