Earlier this week rumors about an ad-supported video service from Amazon started to flow into. Amazon selectively denied that rumor, however a brand new report from Reuters claims that Amazon was engaged on a YouTube TV-like service till very not too long ago.

In response to the report, Amazon wished to supply a restricted bundle of key broadcast and networks for an unknown payment. It will have been similar to YouTube TV and Hulu with Stay TV. Nonetheless, the corporate determined to not transfer forward with the service, citing low revenue margins.

As a substitute, Amazon has been working to construct its personal Amazon Channels service, which permits Prime prospects to combine subscriptions from HBO, Showtime, Starz, and different networks into the Prime Video app. Nonetheless, development has stalled as leisure corporations have butted heads with Amazon.

Reportedly, Amazon requested for particular provisions, like reductions primarily based on the amount of subscribers it shares in, which corporations like Viacom and 21st Century Fox had been bored with. Sources advised Reuters that Amazon is keen to attend, because it believes leisure corporations will change into extra keen to barter because the pattern of cord-cutting continues.