Amazon's Move on the Living Room

Amazon steps into streaming television with its new device, Fire TV. Here's what this means for Amazon, Netflix, and the cable companies.

Mark Reeth
Mark Reeth, Michael Finarelli, and Sean O'Reilly
Apr 4, 2014 at 9:45PM
Consumer Goods

On Wednesday afternoon, Amazon.com (NASDAQ:AMZN) revealed its latest departure from its one-time business model as an online book retailer, a new set-top style device called Fire TV. The device plugs into a consumer's television, and gives them access to a number of popular services, including Hulu, Netflix (NASDAQ:NFLX), Showtime and, of course, Amazon Prime. The device is now available on Amazon.com, selling for $99.

On this edition of Consumer Countdown, Motley Fool analysts Mike Finarelli, Mark Reeth, and Sean O'Reilly discuss the new move from Amazon, and the competitors in various spaces that this could impact. The guys look not only at the other streaming services such as Netflix that will be affected, but also other services offering set-top boxes for streaming services, like Roku. They then take a look at how much of an impact this could have on cable companies such as Comcast (NASDAQ:CMCSA), and whether this could further push consumers to "cut the cord" and leave their cable providers behind.