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Amazon has now passed 100 million subscribers for its Prime loyalty shopping program, underscoring its growth as an e-commerce, cloud services and streaming media behemoth. But it’s also looking beyond the internet, at more traditional ways to reach consumers. An industry source claims that Amazon is interested in making a buy in TV home shopping. Specifically, we’re told there have been acquisition discussions between Amazon and Evine Live, which operates a pay-TV home shopping channel of the same name. Another source also heard Amazon was one of several companies potentially interested in buying Evine. The stage of these alleged discussions is not clear, nor is the price that Amazon would potentially pay. Evine is traded on Nasdaq, and its current market cap is $53 million, at the lower end of its one-year range. The TV channel was previously the subject of a more public acquisition offer: a group headed by Segel Vision offered to buy it for an enterprise value of $175 million last year, but it eventually walked away after Evine rebuffed the offer multiple times. When TechCrunch reached out to Segel, co-founders Jim Morris and Marvin Segel wrote, “we do not know of any other interest in EVINE,” noting the company’s lackluster financial performance. “This is not the stock movement of a company being looked at.” Spokespeople for Amazon and Evine declined to comment on rumors and speculation. Separately, we have received no response to messages sent to the CEO of Evine, Bob Rosenblatt, and COO/CFO Tim Peterman. Evine is a distant third in the world of home shopping channels after QVC and the Home Shopping Network. Yet it still has broad potential reach, with its channel available in 87 million homes across the U.S., in addition to a website and apps. Its business is based on selling a range of merchandise, sometimes in partnerships with celebrities. The company last quarter reported revenues of $193 million with net income of $6.4 million. The latter may sound like a modestly small figure, but it was the first time Evine had posted a net income since 2007, with a rocky stock price to match. (Yet Evine insiders have remained bullish, making dozens of share purchases in the past 12 months, with limited selling.) Evine has grown up amid some big shifts in the two worlds in which it operates, commerce and media. Two notable trends are that many consumers have switched off their TVs and moved away from shopping in physical stores, turning their attention online (and to their mobile screens) to be entertained and to buy things. Amazon is both a big benefactor and pace-setter of that trend: the company has become a formidable presence in all things e-commerce and has, in more recent years, been stepping up its game in content, leveraging its cloud services infrastructure to stream third-party media in areas like video and music, as well as its own original programming, bringing a core audience to it all via its Prime subscription service. There was once a time (before the internet grabbed hold) when home shopping TV helped define the idea of “shopping from your sofa.” But the $2.1 billion acquisition last year of HSN by QVC, creating North America’s third largest e-commerce retailer, was seen by some as a way for the combined companies to “battle Amazon.” The founder of Evine and its former CEO Mark Bozek (who was the basis of the Bradley Cooper character in the film Joy) also clearly identified the Amazon challenge/threat not just for home shopping but retail overall. (Bozek left Evine in 2016 and is now working on a new startup called Live Rocket.) Yet Amazon’s might is not the full story. Today, e-commerce still accounts for only around nine percent of all retail sales in the U.S., according to figures from the Census Bureau. It’s on the rise, but that proportion speaks to a strong opportunity for online companies that want to capture customers who are not already regular Amazon shoppers and might be more likely to watch broadcast rather than on-demand TV. (Amazon’s Whole Foods buy, you could argue, also helped it target a more traditional channel, with a big move into physical stores.) Evine is not the leading player in its space, but it has some key pieces in place — such as deals to broadcast into a multitude of local pay-TV markets, and an audience of TV viewers who are already watching and buying from Evine and channels like it — for a larger player to come in and use that infrastructure to build inroads to audiences that might not otherwise be reaching. It could also give those who sell on Evine a potentially much bigger audience to access through its digital channels. QVC-style programming is an area that Amazon has tried to break into previously using its existing digital platforms. Back in 2016, Amazon launched “Style Code Live,” where users could watch a show with fashion and beauty tips and instantly buy the products. That effort was shelved in 2017 with no explanation for the cancellation, but it shows that the company does have an interest in the area. Coincidentally, several months ago, reports surfaced that Amazon was looking at acquisitions of smaller, niche-interest television stations to complement its advances in streamed video surfaces. Another interesting side note: Earlier this year Amazon took a $600 million investment into a company called StarTek, a call center operator and engagement outsourcing specialist that provides services in the cable TV, telecom and retail industries. The investment was little reported at the time, and when we asked about it, StarTek would only say that the deal was related to “commercial services” provided to Amazon. Evine has been through several iterations: It was founded back in 1990 as Value Vision, went public in 1991 and at one time counted NBC as an investor, which had a significant enough stake to rebrand the company as ShopNBC. NBC eventually sold its stake and the company rebranded as ShopHQ, and then Evine in 2015 as part of Bozek’s attempted turnaround of the company.

Key Highlights ETH price is trading in a bullish zone above the $630 support zone against the US Dollar. There are two important bullish trend lines forming with support at $640 and $635 on the hourly chart of ETH/USD (data feed via Kraken). The pair is eyeing more gains in the short term above the $675 resistance level. Ethereum price surged higher against the US Dollar and Bitcoin. ETH/USD is now well above $640 and it looks set to extend gains above the $675 and $680 levels. Ethereum Price Trend There was a solid upside move from the $585 swing low in ETH price against the US Dollar. The price broke the $600 level and settled above the same. It also cleared the $640 and $650 resistance levels, and traded as high as $674.73. At the moment, the price is positioned nicely above the $630 pivot level and is eyeing more gains above the recent high. On the downside, an initial support is near the 23.6% Fib retracement level of the last wave from the $617.66 low to $674.73 high. More importantly, there are two important bullish trend lines forming with support at $640 and $635 on the hourly chart of ETH/USD. The first trend line is close to the 50% Fib retracement level of the last wave from the $617.66 low to $674.73 high. Thus, if the price corrects lower, it will most likely find buyers near the $640 and $635 levels. Additionally, the $630 pivot level is also a strong support. Looking at the chart, it seems like the price may continue to grind higher above $675. The next resistance above $675 is near the $690 level. A push above the stated $690 level could clear the path for more gains above $700 in the near term. Hourly MACD – The MACD is placed nicely with positive signs in the bullish zone. Hourly RSI – The RSI is currently near the overbought levels. Major Support Level – $640 Major Resistance Level – $690 The post Ethereum Price Technical Analysis – ETH/USD Buyers in Control appeared first on NewsBTC.

Most of the videos — at 76 percent — were removed before they received a single view, YouTube said.