Just over a week ago, industry sources revealed that Amazon might expand its current member-based instant video plan and launch a standalone, subscription-based video streaming service, much like Netflix's.
Today, Reuters reports that Amazon has moved one step closer toward launching this service and is on the verge of announcing a Web video deal with Viacom. The deal could be revealed this week, according to Reuters.
If the deal goes through, the partnership could stiffen competition with Netflix, which is being hit from all sides. Just this week, news broke that HBO is investing $10 million in Australia's Quickflix, … Read more