Amazon says it has passed Apple, Hulu in streaming video

Amazon.com on Tuesday said video streams on its Prime Instant Video service nearly tripled year-over-year. Citing data from Qwit, Amazon said it has passed Hulu and Apple Inc. in streaming video usage. Shares of Amazon were up 1.8% in pre-open trades. The announcement underscored the growing competition in online video. - Benjamin Pimentel, MarketWatch

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