NEW YORK (CNNMoney) -- It pays to be a content provider these days. This morning, both Netflix and Amazon announced new digital video streaming deals.
The competition in the online video streaming business is fierce. Netflix (Fortune 500), Apple ( , Fortune 500), Amazon ( , Fortune 500), Wal-Mart ( , Fortune 500), Dish ( , Fortune 500)/Blockbuster and Hulu are all scrambling to get a share of the business.), Google ( ,
Down the road, consumers are expected to be the big winners, but today the biggest beneficiaries are content providers. The latest deal with DreamWorks is estimated to costs Netflix about $30 million per picture.
Netflix, which lost more than 40% of its market cap in the past month alone, is rumored to be an acquisition target for some of the technology sector's juggernauts -- Amazon, Apple, Google.
Amazon might have other plans in the digital video content arena. The biggest e-tailer in the world just signed a deal with Fox (Fortune 500) to expand its selection of movies and TV shows offered to Amazon Prime members.,
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|30 yr fixed||3.87%||3.83%|
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