The following video is part of our "Motley Fool Conversations" series, in which Motley Fool analysts Austin Smith and Andrew Tonner discuss emerging trends in their favorite companies.

In today's edition, Austin and Andrew discuss the future of media and content distribution. Everyone knows that media is going online at an exponentially increasing rate with companies such as Netflix (Nasdaq: NFLX) and Amazon.com (Nasdaq: AMZN) at the helm. The most recent commitment between the two media jugernauts, though small in terms of dollar value, has huge implications for the future and furthers a long-term relationship between the two.

Austin Smith and Andrew Tonner own no shares of the companies mentioned above. The Motley Fool owns shares of Google. Motley Fool newsletter services have recommended buying shares of Walt Disney, Amazon.com, Netflix, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.