Contest Trader

Don't miss the chance to cash-in prizes totaling

$10.000
Register here for the Ultimate demo trading competition

Amazon to launch Luna

Amazon to launch Luna

Amazon is expanding in the gaming sector

As the battle between Microsoft and Sony intensifies over who has the best gaming console, another major company joins the party.

Amazon announced that it would launch its own cloud gaming service, which will forgo the need for dedicated hardware consoles. Luna is the name of the platform, and it will have a library with 100 titles. Like PlayStation and Xbox, it will have a special controller.

The announcement came after both Microsoft and Sony released their cloud gaming products. But unlike these two, Amazon's Luna will have "channels" for various publishers, for which users will have to pay a monthly fee. Besides Amazon Luna + channel, which will cost $6/ month, Ubisoft is the only company included so far in those "channels."

Luna will be available as a web app for Apple devices. If everything goes smoothly, it would be Amazon's second success in the gaming sector after Twitch – a live streaming platform that it bought in 2014 for $970 million.

Following the news, Amazon stock price added 0.50%.

Sources: cnbc.com, finance.yahoo.com


This information prepared by za.capex.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com