<p>Amazon.com Inc's India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd for a potential stake, <em>The Indian Express</em> newspaper <a href="https://bit.ly/3iUpqgS" target="_blank">reported</a> on Tuesday, citing sources.</p>.<p>Inox, however, said the report was "factually incorrect" and there were no discussions between the company and Amazon India.</p>.<p>Shares of the Mumbai-headquartered company jumped as much as 14.3% to 346.20 rupees after the report, but pared some gains to last trade 6% up.</p>.<p>Amazon India is planning to expand its content streaming platform Prime Video and is evaluating three to four deals, according to the report.</p>.<p>India has been a hotbed of competition for companies like Amazon, Netflix Inc and Walt Disney Inc, all of which have been investing significantly to ramp up original streaming content in regional languages.</p>.<p>The e-commerce giant in January had launched a lower-priced mobile-only subscription plan for its video streaming service in India, undercutting a similar plan by Netflix to woo price-sensitive subscribers.</p>.<p>Prime Video had marked its foray into Indian film production in March and counts the south Asian nation as one of its fastest-growing markets.</p>.<p>Inox, India's second-largest multiplex chain, has reported a net loss for at least five consecutive quarters since March 2020, when a nationwide coronavirus lockdown was imposed.</p>.<p>Amazon India did not immediately respond to a request for comment.</p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>Amazon.com Inc's India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd for a potential stake, <em>The Indian Express</em> newspaper <a href="https://bit.ly/3iUpqgS" target="_blank">reported</a> on Tuesday, citing sources.</p>.<p>Inox, however, said the report was "factually incorrect" and there were no discussions between the company and Amazon India.</p>.<p>Shares of the Mumbai-headquartered company jumped as much as 14.3% to 346.20 rupees after the report, but pared some gains to last trade 6% up.</p>.<p>Amazon India is planning to expand its content streaming platform Prime Video and is evaluating three to four deals, according to the report.</p>.<p>India has been a hotbed of competition for companies like Amazon, Netflix Inc and Walt Disney Inc, all of which have been investing significantly to ramp up original streaming content in regional languages.</p>.<p>The e-commerce giant in January had launched a lower-priced mobile-only subscription plan for its video streaming service in India, undercutting a similar plan by Netflix to woo price-sensitive subscribers.</p>.<p>Prime Video had marked its foray into Indian film production in March and counts the south Asian nation as one of its fastest-growing markets.</p>.<p>Inox, India's second-largest multiplex chain, has reported a net loss for at least five consecutive quarters since March 2020, when a nationwide coronavirus lockdown was imposed.</p>.<p>Amazon India did not immediately respond to a request for comment.</p>.<p><strong>Check out DH's latest videos:</strong></p>