Amazon Reaches Licensing Deal with NBCUniversal

Today (NASDAQ:AMZN) announced that it had reached a licensing agreement with NBCUniversal (NASDAQ:CMCSA) Domestic TV Distribution that would allow it to stream a selection of Universal Pictures films online to members of Amazon Prime. Just last week, Amazon announced a similar licensing deal with CBS Corporation (NYSE:CBS) to distribute select content through Prime Instant Video. The latest deal will bring the number of videos available to Prime members at no additional cost to more than 9,000 TV shows and movies.

Amazon Prime customers pay an annual membership fee of $79, which grants them full access to all Prime Instant Video content as well as free two-day shipping and discounted next-day shipping. While the size of the Amazon streaming library pales in size to that of Netflix (NASDAQ:NFLX), the yearly subscription fee gives a rough discount of about $1.50 a month less than Netflix’s streaming-only package.

All in all, Amazon will be offering over 2,000 Universal Pictures titles for streaming via Prime Instant Video. However, not all of Amazon’s instant videos are available to Prime members at no additional charge. While the site will soon grant free access to over 9,000 titles to Prime members, its library exceeds 90,000 TV shows and movies, most of which can be streamed on a pay-per-play basis.