Mumbai: The major online store Amazon launched a new service on Tuesday which allows the users to upload videos and earn royalties from them by setting up the world’s biggest online retailer to complete directly with Alphabet Inc’s YouTube.
This video service of Amazon will post videos available to rent or own, view free with ads or packaged together and offered as an add-on subscription.
Amazon will pay content creators 50 percent of the revenue earned from rental receipts or sale of the videos, according to the company’s license agreement. For ad-supported videos, the creators will get half of the net ad receipts.
Amazon’s fast-growing Prime loyalty program already offers original TV programming and access to digital entertainment products such as Prime Music and Prime Video, as well as one-hour delivery of purchases, for an annual fee of $99.
YouTube offers a free, ad-supported service as well as a $10-per-month subscription option called YouTube Red.
