Article Hero

Amazon to launch Luna

1601047479.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
25 September 2020
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


The information presented herein is prepared by CAPEX.com/eu and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.