After talk of a movie-streaming service from Amazon has been going on for years, the Financial Times has today reported that yes, they are about to launch a Netflix-defying service. Supposedly Amazon Prime members will be able to access it (just another brilliant reason to sign up to Prime membership, in my opinion), though it's not known if there'll be any fees associated with streaming movies after the initial annual $79 sum is paid.

According to some leaked screenshots of the service that Engadget published the other day, Amazon Prime will offer "unlimited, commercial-free, instant streaming of 5,000 movies and TV shows", however it's thought that the resolution is just 480p.

Over in the UK, Amazon has just recently signed the papers on a deal to buy Lovefilm, which is their equivalent of Netflix. [Reuters]