Freevee users, beware! The future of Freevee appears to be on the rocks after Amazon made changes to Prime Video's streaming tiers.
As of January this year, Prime Video has a tiered option that includes ads, which is seemingly redundant considering Freevee is an ad-based free streaming service.
Three sources allegedly went to AdWeek and advised that Freevee was done for with Prime Video's new ad tier, but is Freevee really gone?
Is Freevee going to be shut down?
Despite reports from multiple outlets that Freevee would be going away by April, Amazon insists that Freevee isn't going anywhere.
"There are no changes to Freevee," a company spokesperson said in a statement to Deadline.
"Amazon Freevee remains an important streaming offering providing both Prime and non-Prime customers thousands of hit movies, shows, and originals, all for free."
Freevee first began in 2019 as Freedive, a service from subsidiary IMDb.
In 2019, ad-based...
As of January this year, Prime Video has a tiered option that includes ads, which is seemingly redundant considering Freevee is an ad-based free streaming service.
Three sources allegedly went to AdWeek and advised that Freevee was done for with Prime Video's new ad tier, but is Freevee really gone?
Is Freevee going to be shut down?
Despite reports from multiple outlets that Freevee would be going away by April, Amazon insists that Freevee isn't going anywhere.
"There are no changes to Freevee," a company spokesperson said in a statement to Deadline.
"Amazon Freevee remains an important streaming offering providing both Prime and non-Prime customers thousands of hit movies, shows, and originals, all for free."
Freevee first began in 2019 as Freedive, a service from subsidiary IMDb.
In 2019, ad-based...
- 2/21/2024
- by Devin Piel
- TVfanatic
Amazon is pushing back against recent industry chatter and a new press report indicating that it is planning to shut down Freevee.
“There are no changes to Freevee,” a company spokesperson said in a statement provided to Deadline. “Amazon Freevee remains an important streaming offering providing both Prime and non-Prime customers thousands of hit movies, shows, and originals, all for free.”
The ad-supported streaming outlet traces its roots back to January 2019, when it launched as Freedive, a service from subsidiary IMDb. Five years later, with Prime Video having recently introduced advertising on its scripted series and movies, the thinking has been that maintaining Freevee could involve redundancy, both internally and for ad buyers.
Adweek, citing three unidentified sources, reported earlier Wednesday that Amazon plans to address that confusion and inefficiency by shutting down Freevee in the coming weeks, ahead of the NewFronts. The tech giant has been cutting costs of late,...
“There are no changes to Freevee,” a company spokesperson said in a statement provided to Deadline. “Amazon Freevee remains an important streaming offering providing both Prime and non-Prime customers thousands of hit movies, shows, and originals, all for free.”
The ad-supported streaming outlet traces its roots back to January 2019, when it launched as Freedive, a service from subsidiary IMDb. Five years later, with Prime Video having recently introduced advertising on its scripted series and movies, the thinking has been that maintaining Freevee could involve redundancy, both internally and for ad buyers.
Adweek, citing three unidentified sources, reported earlier Wednesday that Amazon plans to address that confusion and inefficiency by shutting down Freevee in the coming weeks, ahead of the NewFronts. The tech giant has been cutting costs of late,...
- 2/21/2024
- by Dade Hayes and Nellie Andreeva
- Deadline Film + TV
Amazon is looking to increase the amount of streaming ads it offers, and its streaming platform MGM+ could be next to see ads invade its interface.
As streaming services go, MGM+ tends to skate under the radar a bit. The streamer is owned by Amazon, but is typically an afterthought when discussing that company’s other streaming platforms like Prime Video, Freevee and even Twitch. In fact, during Amazon’s conference call with Wall Street analysts to discuss its quarterly earnings report, MGM+ was not even mentioned by Amazon executives. Nevertheless, subscribers would be smart to anticipate big changes to the streamer in the near future, specifically in its decision to thus far not to include ads on the platform.
Amazon CFO Brian Olsavsky told analysts his company wants to increase advertising in its streaming properties. Prime Video converted all customers to ad-supported unless they pay to go ad-free on Jan.
As streaming services go, MGM+ tends to skate under the radar a bit. The streamer is owned by Amazon, but is typically an afterthought when discussing that company’s other streaming platforms like Prime Video, Freevee and even Twitch. In fact, during Amazon’s conference call with Wall Street analysts to discuss its quarterly earnings report, MGM+ was not even mentioned by Amazon executives. Nevertheless, subscribers would be smart to anticipate big changes to the streamer in the near future, specifically in its decision to thus far not to include ads on the platform.
Amazon CFO Brian Olsavsky told analysts his company wants to increase advertising in its streaming properties. Prime Video converted all customers to ad-supported unless they pay to go ad-free on Jan.
- 2/2/2024
- by David Satin
- The Streamable
Amazon held its quarterly earnings report conference call this week, and executives fielded several questions from analysts about ads on Prime Video.
If there are three sure things in life, it’s death, taxes and Amazon turning in a profitable quarterly earnings report. The e-commerce platform has so many revenue streams that a quarterly loss would be a huge upset, and one of those revenue sources — its subscription video-on-demand streamer Prime Video — is increasing the amount of money it pours into company coffers by introducing ads to its formerly ad-free main subscription tier. Discussing the earnings report with Wall Street analysts, Amazon executives had nothing but praise for the new arrangement, and gave viewers some idea of what to expect for the future of Amazon streaming.
Amazon CEO Andy Jassey says that by converting Prime Video’s main tier to ad-supported, the company will be able to spend more on...
If there are three sure things in life, it’s death, taxes and Amazon turning in a profitable quarterly earnings report. The e-commerce platform has so many revenue streams that a quarterly loss would be a huge upset, and one of those revenue sources — its subscription video-on-demand streamer Prime Video — is increasing the amount of money it pours into company coffers by introducing ads to its formerly ad-free main subscription tier. Discussing the earnings report with Wall Street analysts, Amazon executives had nothing but praise for the new arrangement, and gave viewers some idea of what to expect for the future of Amazon streaming.
Amazon CEO Andy Jassey says that by converting Prime Video’s main tier to ad-supported, the company will be able to spend more on...
- 2/2/2024
- by David Satin
- The Streamable
Amazon CFO Brian Olsavsky says the company’s execs “feel good” about the recent expansion of advertising on Prime Video, calling it “an important part of the total business model.”
Ads began running this month on scripted series and films on Prime Video, except for subscribers who opt to pay an extra $3 a month in order to avoid ads. Amazon’s approach has differed from that of streaming rivals like Netflix, which rolled out a lower-priced tier with ads as an option instead of forcing those who want to stay ad-free to pay extra.
Olsavsky was asked about the state of the video ad initiative during a conference call with Wall Street analysts to discuss fourth-quarter earnings. Amazon reported strong financial results in the quarter, beating Wall Street expectations for the holiday period. Overall advertising services revenue, which includes Prime Video, helped drive the quarterly performance with a 27% jump over year-ago levels.
Ads began running this month on scripted series and films on Prime Video, except for subscribers who opt to pay an extra $3 a month in order to avoid ads. Amazon’s approach has differed from that of streaming rivals like Netflix, which rolled out a lower-priced tier with ads as an option instead of forcing those who want to stay ad-free to pay extra.
Olsavsky was asked about the state of the video ad initiative during a conference call with Wall Street analysts to discuss fourth-quarter earnings. Amazon reported strong financial results in the quarter, beating Wall Street expectations for the holiday period. Overall advertising services revenue, which includes Prime Video, helped drive the quarterly performance with a 27% jump over year-ago levels.
- 2/1/2024
- by Dade Hayes
- Deadline Film + TV
As Amazon leans further into advertising via its Prime Video service (ads were turned on there earlier this week), the tech giant’s overall ad business hit $14.6 billion in Q4 2023, the company said in its latest earnings report.
Amazon overall had net sales of $170 billion, and net income of $10.6 billion, both beating Wall Street expectations.
On the company earnings call, Amazon CEO Andy Jassy said that the company has “increasing conviction that Prime Video can be a large and profitable business on its own.”
“And we’ll continue to invest in compelling exclusive content for Prime members like Thursday Night Football and Lord of the Rings, Reacher, Mr and Mrs. Smith, Citadel and more,” he added. “And with the addition of ads on Prime Video we’ll be able to continue investing meaningfully and content over time.”
As is usually the case with Amazon earnings report, the sprawling release also...
Amazon overall had net sales of $170 billion, and net income of $10.6 billion, both beating Wall Street expectations.
On the company earnings call, Amazon CEO Andy Jassy said that the company has “increasing conviction that Prime Video can be a large and profitable business on its own.”
“And we’ll continue to invest in compelling exclusive content for Prime members like Thursday Night Football and Lord of the Rings, Reacher, Mr and Mrs. Smith, Citadel and more,” he added. “And with the addition of ads on Prime Video we’ll be able to continue investing meaningfully and content over time.”
As is usually the case with Amazon earnings report, the sprawling release also...
- 2/1/2024
- by Alex Weprin
- The Hollywood Reporter - Movie News
San Francisco, Aug 4 (Ians) Amazon posted strong financial results for its second quarter ended June 30, with net sales increasing 11 per cent to $134.4 billion and net income at $6.7 billion, compared with a net loss of $2 billion in the year-ago quarter.
Its Cloud arm Aws segment sales increased 12 per cent year-over-year to $22.1 billion.
Aws segment’s operating income was $5.4 billion, compared with operating income of $5.7 billion in the second quarter of 2022.
“It was another strong quarter of progress for Amazon. Our Aws growth stabilised as customers started shifting from cost optimisation to new workload deployment, and Aws has continued to add to its meaningful leadership position in the cloud with a slew of generative AI releases,” said Andy Jassy, Amazon CEO.
The operating income was $7.7 billion, exceeding the top end of Amazon’s guidance ranges.
“Aws remains the clear cloud infrastructure leader with a significant leadership position with respect to number of customers,...
Its Cloud arm Aws segment sales increased 12 per cent year-over-year to $22.1 billion.
Aws segment’s operating income was $5.4 billion, compared with operating income of $5.7 billion in the second quarter of 2022.
“It was another strong quarter of progress for Amazon. Our Aws growth stabilised as customers started shifting from cost optimisation to new workload deployment, and Aws has continued to add to its meaningful leadership position in the cloud with a slew of generative AI releases,” said Andy Jassy, Amazon CEO.
The operating income was $7.7 billion, exceeding the top end of Amazon’s guidance ranges.
“Aws remains the clear cloud infrastructure leader with a significant leadership position with respect to number of customers,...
- 8/4/2023
- by Agency News Desk
- GlamSham
“Unlimited, commercial-free, instant streaming” of thousands of movies and TV shows for anyone signed up for Amazon’s $79-a-year free shipping program. That was a key promise when the online retail giant introduced Prime Video in 2011.
A lot has changed in a dozen years. The price of Prime has nearly doubled to $139 a year, and consumers are flocking to cheaper, ad-supported video subscriptions. And Amazon has become a big player in online advertising. Now the company is reportedly mulling a cheaper version of Prime Video with ads — and it could pay off for Amazon in multiple ways, experts told TheWrap. In fact, it may have no choice, as its competitors see ads subsidize spending on content.
“This would be a smart and potentially must-do move for Amazon,” Kevin Krim, president and CEO of advertising analytics firm Edo, told TheWrap.
Yet the move requires some tricky decisions for Amazon, which has...
A lot has changed in a dozen years. The price of Prime has nearly doubled to $139 a year, and consumers are flocking to cheaper, ad-supported video subscriptions. And Amazon has become a big player in online advertising. Now the company is reportedly mulling a cheaper version of Prime Video with ads — and it could pay off for Amazon in multiple ways, experts told TheWrap. In fact, it may have no choice, as its competitors see ads subsidize spending on content.
“This would be a smart and potentially must-do move for Amazon,” Kevin Krim, president and CEO of advertising analytics firm Edo, told TheWrap.
Yet the move requires some tricky decisions for Amazon, which has...
- 6/29/2023
- by Lucas Manfredi
- The Wrap
San Francisco, June 8 (Ians) Amazon is reportedly planning to launch an advertising-supported tier of its streaming platform ‘Prime Video’ as it aims to expand its ad business and increase revenue from entertainment.
According to The Wall Street Journal, citing sources, the discussions are still “in the early stages” and have been ongoing for a few weeks.
Currently, Amazon provides Prime Video as a standalone subscription for $8.99 per month or as part of its $14.99 per month Prime membership.
People familiar with the situation said that the company is considering a number of ways for how it can integrate advertisements into Prime Video.
One choice would be to offer more advertising to current Prime users and give them the choice to pay extra for an ad-free alternative and other advantages.
Recently, Amazon has adopted the following strategy with its Music service — More songs were made available to Prime subscribers at no extra cost,...
According to The Wall Street Journal, citing sources, the discussions are still “in the early stages” and have been ongoing for a few weeks.
Currently, Amazon provides Prime Video as a standalone subscription for $8.99 per month or as part of its $14.99 per month Prime membership.
People familiar with the situation said that the company is considering a number of ways for how it can integrate advertisements into Prime Video.
One choice would be to offer more advertising to current Prime users and give them the choice to pay extra for an ad-free alternative and other advantages.
Recently, Amazon has adopted the following strategy with its Music service — More songs were made available to Prime subscribers at no extra cost,...
- 6/8/2023
- by Agency News Desk
- GlamSham
Prime Video is reportedly planning to launch an ad-supported tier as Amazon looks to bring in additional revenue from its entertainment programming.
Sources told the Wall Street Journal that the tech giant’s discussions are in the early stages and have been ongoing over the past several weeks. The report notes Amazon is planning for short ad breaks and is considering giving existing Prime subscribers the option to pay for an ad-free alternative and other features.
Prime Video is currently included with Prime membership for $14.99 per month and is offered standalone for $8.99 per month. Advertisers can currently reach an average monthly audience of more than 155 million viewers in the U.S. alone through Amazon’s ad-supported streaming TV offerings. Advertisers can currently engage with Amazon customers through streaming offerings including the NFL’s Thursday Night Football, its ad-supported streaming service Freevee, Twitch, Fire TV Channels and third-party publishers.
In the...
Sources told the Wall Street Journal that the tech giant’s discussions are in the early stages and have been ongoing over the past several weeks. The report notes Amazon is planning for short ad breaks and is considering giving existing Prime subscribers the option to pay for an ad-free alternative and other features.
Prime Video is currently included with Prime membership for $14.99 per month and is offered standalone for $8.99 per month. Advertisers can currently reach an average monthly audience of more than 155 million viewers in the U.S. alone through Amazon’s ad-supported streaming TV offerings. Advertisers can currently engage with Amazon customers through streaming offerings including the NFL’s Thursday Night Football, its ad-supported streaming service Freevee, Twitch, Fire TV Channels and third-party publishers.
In the...
- 6/7/2023
- by Lucas Manfredi
- The Wrap
Amazon CEO Andy Jassy saw his 2022 compensation crater in 2022, with a massive stock award he received in 2021 making up the backbone of his long-term Amazon renumeration.
According to Amazon’s annual proxy filing, which the company filed Thursday morning, Jassy was paid $1.3 million in 2022, including a $317,500 salary (that is famously the maximum base salary any employee at the company can receive). The remaining $981,000 included company personal security costs, travel costs, and company contributions to his 401K plan.
In 2021 Jassy received a stock grant valued at more than $200 million tied to his promotion to CEO, with the shares vesting over 10 years. “This award is designed to establish a long-term owner’s perspective and encourage bold, long-term initiatives, in the same manner that Mr. Bezos’s shares as founder incentivized him to focus on long-term, expansive growth, and is intended to represent most of Mr. Jassy’s compensation for the coming years,...
According to Amazon’s annual proxy filing, which the company filed Thursday morning, Jassy was paid $1.3 million in 2022, including a $317,500 salary (that is famously the maximum base salary any employee at the company can receive). The remaining $981,000 included company personal security costs, travel costs, and company contributions to his 401K plan.
In 2021 Jassy received a stock grant valued at more than $200 million tied to his promotion to CEO, with the shares vesting over 10 years. “This award is designed to establish a long-term owner’s perspective and encourage bold, long-term initiatives, in the same manner that Mr. Bezos’s shares as founder incentivized him to focus on long-term, expansive growth, and is intended to represent most of Mr. Jassy’s compensation for the coming years,...
- 4/13/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
It’s not cost-cutting, it’s efficiency. That’s the idea Meta CEO Mark Zuckerberg aimed to sell to investors Feb. 1, when he outlined 2023 as the “Year of Efficiency” for the parent company of Facebook and Instagram. It came after Meta had laid off 13 percent of its workforce and downsized its office space in light of the tough macroeconomic environment and overhiring, alongside other company-specific factors like its pricey foray into the metaverse.
Rather than view that as a negative, Zuckerberg positioned it as more of a rallying cry, even while cautioning that there would be more “efficiency” to come. “A lot of the time, when people talk about efficiency, there is a lot of focus on prioritization and which big things can you cut. But I actually think what makes you a better company over time is being able to execute and do more things because you’re operating more efficiently,...
Rather than view that as a negative, Zuckerberg positioned it as more of a rallying cry, even while cautioning that there would be more “efficiency” to come. “A lot of the time, when people talk about efficiency, there is a lot of focus on prioritization and which big things can you cut. But I actually think what makes you a better company over time is being able to execute and do more things because you’re operating more efficiently,...
- 2/8/2023
- by Caitlin Huston and Georg Szalai
- The Hollywood Reporter - Movie News
New Delhi, Feb 3 (Ians) E-commerce behemoth Amazon has reported 21.4 billion in net sales for its Cloud arm Amazon Web Services (Aws) — up 20 per cent year-over-year — in its fourth quarter that ended December 21.
With this, Aws now represents an annualised sales run rate of more than 85 billion.
“Starting back in the middle of the third quarter of 2022, we saw our year-over-year growth rates slow as enterprises of all sizes evaluated ways to optimise their cloud spending in response to the tough macroeconomic conditions,” said Brian Olsavsky, Chief Financial Officer at Amazon.
These optimisation efforts continued into the fourth quarter.
“Some of the key benefits of being in the cloud compared to managing your own data centre are the ability to handle large demand swings and to optimise costs relatively quickly, especially during times of economic uncertainty. Our customers are looking for ways to save money, and we spend a lot of...
With this, Aws now represents an annualised sales run rate of more than 85 billion.
“Starting back in the middle of the third quarter of 2022, we saw our year-over-year growth rates slow as enterprises of all sizes evaluated ways to optimise their cloud spending in response to the tough macroeconomic conditions,” said Brian Olsavsky, Chief Financial Officer at Amazon.
These optimisation efforts continued into the fourth quarter.
“Some of the key benefits of being in the cloud compared to managing your own data centre are the ability to handle large demand swings and to optimise costs relatively quickly, especially during times of economic uncertainty. Our customers are looking for ways to save money, and we spend a lot of...
- 2/3/2023
- by News Bureau
- GlamSham
Updated with content spend stats from annual report: Giant Amazon said its total expenses for video and music came to 16.6 billion last year, up from 13 billion in 2021.
Video and music expense includes licensing and production costs associated with content offered within Amazon Prime memberships, and costs associated with digital subscriptions and sold or rented content, according to the company’s latest annual report that followed fourth quarter financials yesterday.
On an earnings call Thursday, CFO Brian Olsavsky noted that Amazon spent 7 billion on originals, live sports and licensed content in 2022, up from 5 billion the year before. It’s unclear if those figures include all worldwide video content, which is increasingly central to Amazon’s strategy in driving membership for Prime, the biggest loyalty program in the world and the beating heart of the company.
Amazon (which acquired MGM last year for 8.5 billion in cash) carefully evaluates its return on spending across its businesses and,...
Video and music expense includes licensing and production costs associated with content offered within Amazon Prime memberships, and costs associated with digital subscriptions and sold or rented content, according to the company’s latest annual report that followed fourth quarter financials yesterday.
On an earnings call Thursday, CFO Brian Olsavsky noted that Amazon spent 7 billion on originals, live sports and licensed content in 2022, up from 5 billion the year before. It’s unclear if those figures include all worldwide video content, which is increasingly central to Amazon’s strategy in driving membership for Prime, the biggest loyalty program in the world and the beating heart of the company.
Amazon (which acquired MGM last year for 8.5 billion in cash) carefully evaluates its return on spending across its businesses and,...
- 2/3/2023
- by Jill Goldsmith
- Deadline Film + TV
Amazon is turbocharging its content spending, with the company disclosing a massive increase in spend on music and video programming in 2022.
Last year was a pivotal one for Amazon Prime Video, with arguably its two most significant content investments hitting the service within weeks of each other: NFL Thursday Night Football and The Lord of the Rings: The Rings of Power. Both debuted in September).
Those programs were reflected in Amazon’s annual report, with the company disclosing that its content expenses rocketed to 16.6 billion in 2022, up 28 percent from 13.0 billion a year prior.
On the company’s earnings call Thursday, Amazon CFO Brian Olsavsky had revealed that of that 16.6 billion figure, “approximately 7 billion” was spent on “Amazon originals, live sports and licensed third- party video content included with Prime.”
He added that in 2021 the company spent “about 5 billion” on that same pool of content, marking a 2 billion annual increase.
While...
Last year was a pivotal one for Amazon Prime Video, with arguably its two most significant content investments hitting the service within weeks of each other: NFL Thursday Night Football and The Lord of the Rings: The Rings of Power. Both debuted in September).
Those programs were reflected in Amazon’s annual report, with the company disclosing that its content expenses rocketed to 16.6 billion in 2022, up 28 percent from 13.0 billion a year prior.
On the company’s earnings call Thursday, Amazon CFO Brian Olsavsky had revealed that of that 16.6 billion figure, “approximately 7 billion” was spent on “Amazon originals, live sports and licensed third- party video content included with Prime.”
He added that in 2021 the company spent “about 5 billion” on that same pool of content, marking a 2 billion annual increase.
While...
- 2/3/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Amazon beat Wall Street expectations in its fourth-quarter earnings report, delivering stronger results than anticipated amid what CEO Andy Jassy said remains an “uncertain economy.”
The company had revenues of 149.2 billion in the quarter, compared to the 145.4 billion expected by the street. Earnings per share were 1.39, and operating income was 2.7 billion, down from 3.5 billion a year earlier.
Still, the results were better than expected, given the economic headwinds facing the major tech companies. Amazon, in a similar move to other tech giants, laid off 18,000 employees last month.
And while advertising has remained a tough business for some other tech players, it is booming at Amazon. The company reported ad revenues of 11.6 billion in Q4, up 23 percent from a year earlier. While Amazon does sell ads on programming like Thursday Night Football, the bulk of its advertising revenue is related to its ecommerce business.
“Sellers, vendors and brands continues to look...
The company had revenues of 149.2 billion in the quarter, compared to the 145.4 billion expected by the street. Earnings per share were 1.39, and operating income was 2.7 billion, down from 3.5 billion a year earlier.
Still, the results were better than expected, given the economic headwinds facing the major tech companies. Amazon, in a similar move to other tech giants, laid off 18,000 employees last month.
And while advertising has remained a tough business for some other tech players, it is booming at Amazon. The company reported ad revenues of 11.6 billion in Q4, up 23 percent from a year earlier. While Amazon does sell ads on programming like Thursday Night Football, the bulk of its advertising revenue is related to its ecommerce business.
“Sellers, vendors and brands continues to look...
- 2/2/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
New Delhi, Oct 28 (Ians) Amazon’s Cloud vertical saw net sales increased to 20.5 billion in the third quarter this year, up 28 per cent (year-over-year) and now representing an annualised sales run rate of 82 billion.
With the ongoing macroeconomic uncertainties, the company saw an uptick in (Amazon Web Services) customers focused on controlling costs.
“We’re proactively working to help customers cost optimise, just as we’ve done throughout Aws’ history, especially in periods of economic uncertainty. The breadth and depth of our service offerings enable us to help them do things like move storage to lower-priced tiers options and shift workloads to our Graviton chips,” said Brian Olsavsky, Chief Financial Officer at Amazon.
Graviton3 processors delivered 40 per cent better price performance than comparable x86-based instances.
“Our teams across Aws continue to work relentlessly to expand that breadth and depth, including recent launches of new EC2 machine learning training instances in Aws IoT fleet-wise,...
With the ongoing macroeconomic uncertainties, the company saw an uptick in (Amazon Web Services) customers focused on controlling costs.
“We’re proactively working to help customers cost optimise, just as we’ve done throughout Aws’ history, especially in periods of economic uncertainty. The breadth and depth of our service offerings enable us to help them do things like move storage to lower-priced tiers options and shift workloads to our Graviton chips,” said Brian Olsavsky, Chief Financial Officer at Amazon.
Graviton3 processors delivered 40 per cent better price performance than comparable x86-based instances.
“Our teams across Aws continue to work relentlessly to expand that breadth and depth, including recent launches of new EC2 machine learning training instances in Aws IoT fleet-wise,...
- 10/28/2022
- by Glamsham Bureau
- GlamSham
Apple and Amazon’s quarterly financial results are becoming something of a guessing game for Wall Street analysts trying to size up who’s winning the streaming subscription war. Neither tech giant will budge on telling the public exactly how many paying streaming customers they have.
It’s become almost a parody of the old Mad Magazine comic strip “Spy vs. Spy,” pitting two adversaries against the other with enough equal firepower to blow each into smithereens. Amazon dangles that it has 153 million Prime subscribers, but won’t break down how many tap into video (even on average). Apple doesn’t even break out its streaming platform’s financial results, though its music streaming service clocks in at about 100 million subscribers annually.
On Thursday, Amazon reported a profit of 2.9 billion during the third quarter, down from 3.2 billion in the year-ago period. Revenue rose 15 to 127.1 billion during the quarter.
While the...
It’s become almost a parody of the old Mad Magazine comic strip “Spy vs. Spy,” pitting two adversaries against the other with enough equal firepower to blow each into smithereens. Amazon dangles that it has 153 million Prime subscribers, but won’t break down how many tap into video (even on average). Apple doesn’t even break out its streaming platform’s financial results, though its music streaming service clocks in at about 100 million subscribers annually.
On Thursday, Amazon reported a profit of 2.9 billion during the third quarter, down from 3.2 billion in the year-ago period. Revenue rose 15 to 127.1 billion during the quarter.
While the...
- 10/27/2022
- by Joe Bel Bruno and Natalie Oganesyan
- The Wrap
Click here to read the full article.
Amazon reported revenues of 127.1 billion in the third quarter, missing Wall Street expectations, and sending its stock price lower after-hours. Net revenue was up 15 percent from the same quarter a year ago (up 19 percent when foreign exchange rates are factored in). Net income fell to 2.9 billion, compared to 3.2 billion a year ago.
The third quarter was a pivotal one for Amazon, with the company hosting its annual Prime Day shopping event, and embarking on its most significant content push yet on Prime Video.
The launch of NFL Thursday Night Football and Lord of the Rings: The Rings of Power marked arguably the biggest launches yet for the video streaming platform, with the NFL package also turbocharging a burgeoning advertising business. In fact, the Prime Video launches were the first parts of the business includes in in Amazon’s typically sprawling quarterly highlights letter.
Amazon reported revenues of 127.1 billion in the third quarter, missing Wall Street expectations, and sending its stock price lower after-hours. Net revenue was up 15 percent from the same quarter a year ago (up 19 percent when foreign exchange rates are factored in). Net income fell to 2.9 billion, compared to 3.2 billion a year ago.
The third quarter was a pivotal one for Amazon, with the company hosting its annual Prime Day shopping event, and embarking on its most significant content push yet on Prime Video.
The launch of NFL Thursday Night Football and Lord of the Rings: The Rings of Power marked arguably the biggest launches yet for the video streaming platform, with the NFL package also turbocharging a burgeoning advertising business. In fact, the Prime Video launches were the first parts of the business includes in in Amazon’s typically sprawling quarterly highlights letter.
- 10/27/2022
- by Alex Weprin
- The Hollywood Reporter - Movie News
San Francisco, July 30 (Ians) Amazon has reduced its direct workforce by nearly 1 lakh, the largest sequential drop in its history, primarily at its fulfillment centres and distribution network. The e-commerce behemoth still employs over 15 lakh people, highest in the tech world. According to Brian Olsavsky, Chief Financial Officer, Amazon plans to become […]...
- 7/30/2022
- by Glamsham Bureau
- GlamSham
Click here to read the full article.
Amazon beat Wall Street expectations for its second quarter 2022 earnings Thursday, reporting revenues of 121.2 billion, up 7 percent from a year earlier and well above the 119 billion consensus. However, the company once again reported a loss, this time for 2 billion in the quarter.
The company’s share price rose by as much as 10 percent in after-hours trading with the company projecting net sales of between 125 billion and 130 billion, up double digits from the same quarter a year ago.
The company has been grappling with inflationary pressures and logistics issues related to the pandemic, but CEO Andy Jassy said in a statement that the company is “making progress on the more
controllable costs.”
Notably, Jassy also called out Amazon’s entertainment efforts, calling out both the upcoming Lord of the Rings series and NFL Thursday Night Football as drivers of Amazon Prime. Earlier this month,...
Amazon beat Wall Street expectations for its second quarter 2022 earnings Thursday, reporting revenues of 121.2 billion, up 7 percent from a year earlier and well above the 119 billion consensus. However, the company once again reported a loss, this time for 2 billion in the quarter.
The company’s share price rose by as much as 10 percent in after-hours trading with the company projecting net sales of between 125 billion and 130 billion, up double digits from the same quarter a year ago.
The company has been grappling with inflationary pressures and logistics issues related to the pandemic, but CEO Andy Jassy said in a statement that the company is “making progress on the more
controllable costs.”
Notably, Jassy also called out Amazon’s entertainment efforts, calling out both the upcoming Lord of the Rings series and NFL Thursday Night Football as drivers of Amazon Prime. Earlier this month,...
- 7/28/2022
- by Alex Weprin
- The Hollywood Reporter - Movie News
Andy Jassy, a longtime Amazon exec who became the company’s CEO last summer, made 212.7 million in total compensation in 2021, according to an SEC filing.
The pay package, almost all of it in the form of a stock award, was roughly six times what he received in 2020, 35.8 million. Jassy had previously been CEO of the tech giant’s web services division.
In the filing, Amazon said Jassy was awarded 211.9 million in stock when he was promoted to CEO in July 2021. The award vests over 10 years “and is expected to represent most of Mr. Jassy’s compensation for the coming years,” the company said. If Jassy were to leave Amazon before that 10-year period elapses, he is not contractually guaranteed to receive the balance of the stock award.
Amazon’s business boomed during the coronavirus pandemic and has continued to thrive as much of the world has started to emerge from Covid’s shadow.
The pay package, almost all of it in the form of a stock award, was roughly six times what he received in 2020, 35.8 million. Jassy had previously been CEO of the tech giant’s web services division.
In the filing, Amazon said Jassy was awarded 211.9 million in stock when he was promoted to CEO in July 2021. The award vests over 10 years “and is expected to represent most of Mr. Jassy’s compensation for the coming years,” the company said. If Jassy were to leave Amazon before that 10-year period elapses, he is not contractually guaranteed to receive the balance of the stock award.
Amazon’s business boomed during the coronavirus pandemic and has continued to thrive as much of the world has started to emerge from Covid’s shadow.
- 4/1/2022
- by Dade Hayes
- Deadline Film + TV
On its fourth-quarter earnings call Thursday, Amazon said it has tripled the number of original film and TV titles offered via Prime Video since 2018. On Friday, it provided receipts.
In an SEC filing, the company said it spent $13 billion on music, movies and series in 2021. That was an 18% uptick from 2020, though the comparison is affected by Covid. Even when music and live sports are in the mix (neither of which is a business for Netflix), Amazon’s overall total was significantly lower than Netflix’s $17 billion in 2021.
When amortization is factored in, video and music costs came to $10.7 billion in 2021, up from $6.8 billion in 2020. (Netflix’s amortized spend in 2021 was $13.6 billion.)
Interestingly, the tab for advertising and promotion was $16.9 billion, even steeper than what Amazon paid to license or make content. The 2021 level jumped 55% from $10.9 billion in 2020.
The ramp-up in video programming, from NFL rights to an ambitious take on...
In an SEC filing, the company said it spent $13 billion on music, movies and series in 2021. That was an 18% uptick from 2020, though the comparison is affected by Covid. Even when music and live sports are in the mix (neither of which is a business for Netflix), Amazon’s overall total was significantly lower than Netflix’s $17 billion in 2021.
When amortization is factored in, video and music costs came to $10.7 billion in 2021, up from $6.8 billion in 2020. (Netflix’s amortized spend in 2021 was $13.6 billion.)
Interestingly, the tab for advertising and promotion was $16.9 billion, even steeper than what Amazon paid to license or make content. The 2021 level jumped 55% from $10.9 billion in 2020.
The ramp-up in video programming, from NFL rights to an ambitious take on...
- 2/4/2022
- by Dade Hayes
- Deadline Film + TV
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Amazon is raising the price of its Prime membership by $20 a year, citing “increased costs and inflation,” though execs say customers can expect to see new perks along with the price increase.
The new Amazon Prime pricing kicks in on Feb. 18 for new subscribers, with an annual subscription now costing $139 a year, up from $119 previously. A monthly Prime subscription will now cost $14.99 a month, up from $12.99.
Buy:
Amazon...
Amazon is raising the price of its Prime membership by $20 a year, citing “increased costs and inflation,” though execs say customers can expect to see new perks along with the price increase.
The new Amazon Prime pricing kicks in on Feb. 18 for new subscribers, with an annual subscription now costing $139 a year, up from $119 previously. A monthly Prime subscription will now cost $14.99 a month, up from $12.99.
Buy:
Amazon...
- 2/4/2022
- by Tim Chan
- Rollingstone.com
Deadline has confirmed that employees at Amazon Studios are now expected to return to office on Jan. 3, 2022. That’s in line with the rest of the Amazon’s corporate employees in the U.S. and some foreign countries.
Originally, Amazon employees were looking to return the week of Sept. 7 after working remotely from home. Even though some Hollywood studios such as Sony have posted their return-to-office until approximately early-to-mid October, we hear that the early January date may become the new benchmark for all those in the corporate-end of the film and TV industry to welcome employees back as many monitor safety protocols and contend with the delta variant.
Amazon won’t require workers returning to its office to be vaccinated. CFO Brian Olsavsky confirmed this in a recent call for Amazon’s 2Q earnings last week. Employees will be required to wear masks in the office, unless they provide proof of vaccination.
Originally, Amazon employees were looking to return the week of Sept. 7 after working remotely from home. Even though some Hollywood studios such as Sony have posted their return-to-office until approximately early-to-mid October, we hear that the early January date may become the new benchmark for all those in the corporate-end of the film and TV industry to welcome employees back as many monitor safety protocols and contend with the delta variant.
Amazon won’t require workers returning to its office to be vaccinated. CFO Brian Olsavsky confirmed this in a recent call for Amazon’s 2Q earnings last week. Employees will be required to wear masks in the office, unless they provide proof of vaccination.
- 8/5/2021
- by Anthony D'Alessandro
- Deadline Film + TV
Amazon saw second-quarter net sales of $113 billion, up 27% but below expectations, dinging the shares, which fell more than 7% in late trading.
Consumers still shopped a lot on Amazon but growth was tempered as the world reopened — compared with the year-ago quarter when the global pandemic was at its height.
Net profit came in at a strong $7.8 billion, or $15.12 a share — up from $5.2 billion or $10.30.
Subscriptions services, which includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-aws subscription services, grew revenue by 32% to $7.9 billion. Prime, which offers members unlimited fast delivery and access to Amazon Prime streaming, is now available in 22 countries with the latest addition of Portugal. CFO Brian Olsavsky said on a call with analysts that video “is good for the Prime program” and Amazon is investing in rolling out the Prime-member benefit across international markets.
Consumers still shopped a lot on Amazon but growth was tempered as the world reopened — compared with the year-ago quarter when the global pandemic was at its height.
Net profit came in at a strong $7.8 billion, or $15.12 a share — up from $5.2 billion or $10.30.
Subscriptions services, which includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-aws subscription services, grew revenue by 32% to $7.9 billion. Prime, which offers members unlimited fast delivery and access to Amazon Prime streaming, is now available in 22 countries with the latest addition of Portugal. CFO Brian Olsavsky said on a call with analysts that video “is good for the Prime program” and Amazon is investing in rolling out the Prime-member benefit across international markets.
- 7/29/2021
- by Jill Goldsmith
- Deadline Film + TV
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