The company is just getting too damn BIG* in my view….
“If you’re Amazon, the perspective is what’s the potential for Prime membership, what is the potential for advertising,” said Brian Yarbrough, a senior analyst at Edward Jones.
In addition to paying Amazon $119 a year or $13 a month for free shipping and other perks — notably access to the Prime Video streaming service — households with Prime memberships typically spend $3,000 a year on Amazon. That is more than twice what households without the membership spend, according to Morgan Stanley. About 200 million people pay for Prime memberships.
“As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70 percent year over year,” Mr. Bezos said last month when Amazon reported quarterly earnings.
In buying MGM, Amazon is bolstering Prime Video at a time when the biggest old-line studios are becoming less willing to license their libraries to outside streaming services; Warner Bros., Walt Disney Studios and Paramount Pictures must now supply corporate siblings like HBO Max, Disney+ and Paramount+….
Completion of the deal is subject to regulatory approval. On Wednesday, Representative Ken Buck, Republican of Colorado and a senior member of the House antitrust subcommittee, said in a statement that he was “deeply concerned” by the acquisition and noted Amazon’s pandemic-fueled growth spurt.
Completion of the deal is subject to regulatory approval. On Wednesday, Representative Ken Buck, Republican of Colorado and a senior member of the House antitrust subcommittee, said in a statement that he was “deeply concerned” by the acquisition and noted Amazon’s pandemic-fueled growth spurt….
*Amazon.com, Inc. (/ˈæməzɒn/ AM-ə-zon) is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as “one of the most influential economic and cultural forces in the world”, as well as the world’s most valuable brand.
Amazon is known for its disruption of well-established industries through technological innovation and mass scale. It is the world’s largest online marketplace, AI assistant provider, live-streaming platform and cloud computing platform as measured by revenue and market capitalization. Amazon is the largest Internet company by revenue in the world. It is the second largest private employer in the United States and one of the world’s most valuable companies. As of 2020, Amazon has the highest global brand valuation.…