April 12, 2018
Amazon has rolled out new logos in support of increased marketing for the Prime Video streaming video platform.
Launched in 2006, Amazon included Amazon Prime Instant Video streaming service as part of the Prime free shipping membership platform. Amazon later dropped “instant” from the service name as over-the-top video became mainstream.
The updated logo reflects Amazon’s desire to narrow the gap with Netflix. A report from Loop Capital found that despite 63% of U.S. households being Prime members, survey respondents still prefer Netflix to Prime Video — a stance that could change with improved programing.
Indeed, respondents said increased offerings of improved movies and TV shows would drive greater viewership of Prime Video.
“The opportunity for Amazon is to develop one or two ‘water cooler talk’ series … which will translate into additional product and service sales [on Amazon],” Loop wrote in an April 10 note as reported by Barrons.