Offerings are discounts that MediaConnect offers in exchange for a commitment to use a certain amount of outbound bandwidth each month. The components of a MediaConnect offering are:
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Duration
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Outbound bandwidth
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Price (billed hourly)
When you purchase an offering, you specify the start date and time. The resulting resource is called a reservation because you are "reserving" a certain amount of outbound bandwidth for a period of time.
Outbound bandwidth refers to data that is transferred from a MediaConnect flow to a location or endpoint outside of the AWS Cloud. It does not include data transferred in to your MediaConnect flow, nor does it include data transferred from a MediaConnect flow to any location within the AWS Cloud.