Photo
Business Update

Reuters business newsletter, your daily business coverage.

Subscribe

Netflix, Amazon discussed collaboration

Thu Nov 30, 2006 12:52pm EST

Reporter's Notebook

[-] Text [+]

NEW YORK (Reuters) - Netflix Inc. (NFLX.O: Quote, Profile, Research, Stock Buzz) has had discussions with potential rival Amazon.com Inc. (AMZN.O: Quote, Profile, Research, Stock Buzz) about selling online DVD rental subscriptions to Amazon customers, an arrangement that a top Netflix executive described on Thursday as "ideal for us."

Netflix has considered buying advertising on Amazon packaging to reach its shoppers, who are clearly comfortable with online transactions.

"Amazon has a desirable customer base that we would love to market to...it's an e-commerce consumer," Netflix Chief Product Officer Neil Hunt told the Reuters Media Summit. "It's a consumer who would be ideal for us. Some kind of arrangement there would be attractive."

Amazon has launched a movie download service and a U.K. online movie rental service, and once was rumored to be considering opening a U.S. DVD rental service.

Netflix and Amazon have had on-and-off discussions about working together for about three years.

 
 
 
Aerospace and Defense Dec 15 - 17, 2008 Aerospace/Defense
Investment Outlook Dec 08 - 11, 2008 Financial Services / Exchanges
Media Dec 01 - 4, 2008 Media/Tech/Telco
India Investment Nov 24 - 26, 2008 Country Summits
Health Nov 17 - 20, 2008 Health

What are Summits?

Reuters Summits are your direct link to top business leaders, investors and regulators. Our journalists interview heavyweights in a particular industry, spin out hard-hitting breaking news and sharp analysis that can often move markets. If you want to understand what the insiders are thinking, look for Reuters Summits.  Launch Full Video 

 

Stay connected. Get e-mailed alerts with schedules, speaker lists, and headlines from upcoming and live Industry Summits.