Jassy says Prime Video is on track to earn tens of billions of dollars
FROM THE WIRE · FINANCE.YAHOO.COM
It's been four years since Amazon bought MGM for $8.5 billion. But coming off the blockbuster success of this year's hit movie Project Hail Mary, Hollywood has become a lucrative business for the e-commerce giant. Prime Video, Amazon's streaming service, "has emerged as a…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe Prime Video profitability message comes from Amazon's quarterly call and may shape views on the group.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01CEO Andy Jassy said Prime Video has a revenue run rate in the tens of billions.
- 02Prime Video is now profitable in its own right, according to Jassy.
- 03Amazon MGM Studios has surpassed $1.2 billion in global box office sales this year.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets