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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Amazon denies report it plans to eliminate its Freevee television service

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
February 22, 2024, 11:27 AM ET
One report claims Amazon is planning to wind down its Freevee service.
One report claims Amazon is planning to wind down its Freevee service.Anna Webber/Getty Images for Amazon Freevee

Amazon is denying a report in Adweek that it plans to shut down Freevee, its ad-supported free television application, in the coming months.

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The report by media reporter Mark Stenberg, citing two unnamed people, claimed the company plans to sunset the service in the near future to focus its advertising efforts on Prime Video, which added commercials to its base membership level in January. Adweek said that was likely to happen before late April, when Amazon will give advertisers a look at upcoming programming In the NewFronts event.

Amazon, however, said the story is inaccurate—in the present tense, at least.

“There are no changes to Freevee,” an Amazon spokesperson told Fortune. “Amazon Freevee remains an important streaming offering providing both Prime and non-Prime customers thousands of hit movies, shows, and Originals, all for free.”

Freevee was formerly known as iMDb TV, but Amazon purchased the service and renamed it in April 2022. It’s one of several free ad-supported streaming television services (dubbed FAST by industry insiders); competitors include Sling TV’s Freestream, Fox’s Tubi, and Pluto TV. FAST channels have become increasingly popular among people fed up with escalating cable TV and streaming service rates.

Pluto TV, for instance, aims to have 120 million users by the end of this year.

Freevee has not only benefitted from Amazon’s original programming for the service, it also has licensing agreements with Disney Media and Entertainment—and a previous deal with NBCUniversal gave it the exclusive network window for films from the 2020–2021 slate of Universal.

Freevee saw its staff reduced earlier this year, when Amazon laid off hundreds of workers in its Prime Video and MGM Studios divisions.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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