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Amazon to Stream "The Expanse," Strengthens Content Portfolio

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Amazon (AMZN - Free Report) is leaving no stone unturned to bolster its presence in the video streaming world on the back of its robust Prime services.

The company is set to stream the third season of The Expanse, a sci-fi series on Prime Video, consequently expanding its content portfolio. Notably, the show is a futuristic space opera where Earth and Mars are on the brink of war.

Notably, the series is based on the novels by Daniel Abraham and Ty Franck. Amazon Prime will start streaming the series starting from Feb 8.

Amazon’s Aggressive Stance

Amazon’s strong endeavors toward expansion of its content portfolio on Prime Video will continue to strengthen its streaming presence.

Apart from the third season, the company has also brought rights to stream the first two seasons of the show. In fact, these are available for streaming right now.

Notably, The Expanse first aired on Syfy. However, airing of the show on Syfy got cancelled during the middle of season three.

With Amazon streaming the series, it is now focused on producing the series as Prime original content.

Moreover, the company is gearing up to stream the fourth season of the series as well in the later part of this year. This is likely to strengthen the company’s sci-fi content portfolio.

Intensifying Battle

Growing initiatives of streaming service providers such as Netflix (NFLX - Free Report) and Hulu along with Amazon Prime are intensifying the market competition.

Among these, Netflix continues to rule the roster with the highest number of subscribers driven by its expanding original content portfolio.

Per a latest report from Statista, revenues in the global video streaming market are expected to hit $22.1 billion in 2019. Further, the revenues are expected to reach $24.9 billion by 2023.

Additionally, user penetration is pegged at 16.4% for 2019 and projected to hit 18.3% by 2023.

Growth opportunities in this potential market are luring enough to attract new players into it. Companies like Disney (DIS - Free Report) , Apple (AAPL - Free Report) and AT&T T, to name a few, are gathering steam to foray into this potential market.

Nevertheless, Amazon with its latest move, heavy investment on regional and local language content, and Prime benefits are likely to continue to aid its position in the booming streaming space.

Currently, Amazon carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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