Amazon Has Been a Surprising Winner in the Streaming Wars
Amazon (NASDAQ: AMZN) has seen a big uptick in the amount of time its Prime members spend with its streaming video service. Of course, practically every video streaming service on the market is seeing an increase in hours logged as people stay home to help slow the spread of coronavirus.
But Amazon saw a particularly big bump in time spent streaming Prime Video in April compared to the increase for other streaming services, according to data from 7Park. It trailed only Netflix (NASDAQ: NFLX) in average household minutes for the month, and it opened up a significant gap between itself and Disney's (NYSE: DIS) Hulu.
Amazon's ability to grow relative engagement on Prime Video amid strong competition from Disney and other big media companies bodes well for the company's overall performance going forward.
Source Fool.com
