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Amazon launches new video service and compete with Youtube



The e-commerce company Amazon announced Tuesday the launch of a video service with which seeks to compete with YouTube, owned by tech giant Google.

"It is an exciting time for content creators time and we are very pleased to offer another alternative to connect with the audience", Vice President of Amazon Video, Jim Freeman said in a statement."

The new Amazon Video Direct service, which allows users to publish and share your videos and make a profit with them, is part of the Amazon Video platform, created a few months ago by the company to compete with Netflix.


For now only available for users in the US, UK, Germany, Austria and Japan, which can begin to publish and share their digital content from Tuesday, according to the same company statement.

YouTube, with over one billion users worldwide, currently controls 20 percent market share videos on the Internet, a business that generates annually about 2,000 million US dollars.

Last year the California company already stopped selling on its Web devices for Internet video transmission via television manufactured by Google and Apple to concentrate on their own video playback system.

Two hours of the close of trading on Wall Street, shares of Amazon rose 3.1% in the Nasdaq market, where appreciated by almost 4% since the year began, while in the last twelve months have fired more than 61%.

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