Amazon denies plans for ad-supported video service

During the third-quarter earnings call, Amazon executives said the company has no plans to launch an ad-supported video service for its Fire TV devices.
“We have no plans to build an ad-supported Prime Video offering for free at this time,” said Amazon investor relations director Dave Fildes.
In August, The Information reported that Amazon was planning to launch a video service called Free Dive that would include free ad-supported content for Fire TV users, a similar model to the Roku Channel.
Earlier this month, CNBC reported that the service could be launching in October during Advertising Week in New York. According to the report, Amazon was in talks with three major media companies about adding their content to the service.
In Q318, Amazon reported net sales of USD 56.6 billion, a 29% increase compared to the same period last year. The company reported net income of USD 2.9 billion. During the presentation of the results, Amazon highlighted an agreement with Comcast to launch Amazon Prime Video on the Xfinity X1 platform.