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Amazon’s Instant Video streaming service competes with the likes of Netflix and Hulu, both of which are creating their own shows. Amazon is banking on Amazon Prime subscriptions (which include streaming movies) and digital content sales to help make up for the low 9 price of the Kindle Fire tablet.

Amazon’s streaming service registered more than 5 billion total hours watched in the second quarter, up 63% from the first quarter — further distancing itself from its closest competitors at a pivotal moment for the industry, a new report says.

Americus Reed, a professor of marketing at the University of Pennsylvania's Wharton School, told The Washington Post that companies are being bolder in their statements than they have been in the past.

Among the issuance, new sales amounted to 4.3 trillion yuan, accounting for 91 percent of the 4.73-trillion-yuan quota planned for the year, the data showed.

Amazon’s Robinson, for one, is pleased with the results after testing Rapids on his two children.