Overstock to Take on Amazon With Streaming Video Service

Overstock to Take on Amazon With Streaming Video Service Amazon If imitation is the sincerest form of flattery then Overstock.com must love Amazon.

Amazon's smaller and scrappier rival announced today that they are going to launch a video on demand service as well as a streaming video service later this year.

Speaking at the NATPE conference, Overstock CEO Patrick M. Byrne told the audience that the service is expected to launch by mid-2015 with around 30,000 titles. It's going to be available to the two million members of Overstock's Club O loyalty program, which costs $20 a year (as compared to Amazon Prime, which costs $99).

Overstock to Take on Amazon With Streaming Video Service Amazon

Details are still far from complete, but the service will reportedly carry both acquired and original content, and it will be provided via another company which hasn't been named.

And according to Overstock's CEO it will be a serious threat to Amazon. "We will be a competitor to Amazon," said Byrne. "We think our loyalty program is better than Amazon's. We give you five to 25 percent back on what you spend. So we pay people back for their digital downloads."

Overstock generated around $1.3 billion in revenue last year, making it far smaller than Amazon (which earned $40 plus billion from the US market alone). Byrne said that the Overstock website receives 25 to 40 million unique visitors each month, and that the company plans to analyze what movies and tv shows people are searching for in order to determine which titles to make available.

THR

image by Alexandre Van de Sande

Nate Hoffelder

View posts by Nate Hoffelder
Nate Hoffelder is the founder and editor of The Digital Reader: He's here to chew bubble gum and fix broken websites, and he is all out of bubble gum. He has been blogging about indie authors since 2010 while learning new tech skills at the drop of a hat. He fixes author sites, and shares what he learns on The Digital Reader's blog. In his spare time, he fosters dogs for A Forever Home, a local rescue group.

3 Comments

  1. George Naylor20 January, 2015

    To be honest, I didn’t even realize Overstock still existed.

    Reply
    1. Syn20 January, 2015

      I know! He actually made me laugh.
      I think if Redbox couldn’t do it, he doesn’t have a chance. To much GOOD competition right now. And Amazon’s video service was just an added bonus to most prime members who were in for the cheap over night or free shipping.

      I have Hulu and Netflix. I probably wouldn’t sub to Amazon’s video if I wasn’t already in for the free shipping. But Amazon’s service is actually really good now.

      Reply
  2. jimberkas21 January, 2015

    wow. this and playstation tv. lord knows who else will do the same. but way too much fragmentation now.
    overstock. wow.

    Reply

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