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Amazon says it has no plans for an ad-supported video service

October 26, 2018 / Ben Munson

Amazon threw cold water on reports that it has an ad-supported streaming service in the works during its third-quarter earnings call Thursday.Amazon-owned IMDb was reportedly working on an ad-supported streaming service but Dave Fildes, direct of investor relations for the company, said that’s not the case.“…We have no plans to build an ad-supported Prime Video offering for free at this time,” Fildes said according to a Seeking Alpha transcript.Amazon’s rebuke comes after CNBC reported earlier this month that Amazon’s free streaming service could be launching as soon as October.According to the report, Amazon was in talks with three major media companies about adding their content to the service. Amazon was also reportedly going to offer ad buyers its proprietary data, and let marketers combine it with third-party data.