Amazon Takes On YouTube with New Video Direct Service

Bloomberg: Amazon will let people post videos to its website and earn money from advertising, royalties and other sources, putting the company in more-direct competition with Google’s YouTube. Amazon already offers movies and television programs over the Internet — including its own original productions — to compete with Netflix. The new product will let Amazon give consumers more options about what to watch without an upfront fee because many of those posting videos will be paid based on how their content performs.