Amazon developing free version of video streaming service

Amazon is developing a free, ad-supported video streaming service, it has been claimed. The retail giant is believed to be planning to share ad revenue with TV networks in return for shows, according to Ad Age. The company is talking with TV networks, movie studios and other media companies about providing programming to the service, it says. Amazon CEO Jeff Bezos has shared some of the secrets of his success, hot on the heels of becoming the world's richest man. Ad Age says it wants to dive into back catalogs of TV and movie studios for the service, and is also going after lifestyle, travel, cooking and other shows that are a good fit for an e-commerce platform.