(NASDAQ: AMZN) has spent $7 billion on the company’s video content budget. Amazon Prime has also earned the second position in the VoD industry within the United States.Īs there is a growing demand for online entertainment options with the COVID-19 pandemic forcing people to stay at their homes, Amazon Prime has experienced strong growth over a small span of time. (NASDAQ: NFLX) and The Walt Disney Company (NYSE: DIS), with its on demand service called Amazon Prime Video. (NASDAQ: AMZN) ranks third, behind Netflix, Inc.

You can access these platforms on different devices, pause and play movies in high definition whenever you want to, and binge watch entire TV shows in the comfort of your room.Īmongst the companies with the biggest impact on digital video,, Inc. What makes these platforms special is the convenience they provide their users and the large library of ad-free content for a minimal price. (NASDAQ: NFLX) have created a new industry which has transformed the way people consume video content such as movies and TV shows. (NASDAQ: AMZN), Hulu, The Walt Disney Company (NYSE: DIS), and Netflix, Inc. Video-on-Demand (VoD) has become the latest trend ever since Netflix came into the streaming media industry in 2007.

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