Amazon is in talks to join Sinclair Broadcast Group in a deal to buy the 21 Fox regional sports TV networks that are being auctioned off by Disney. Sinclair is looking for Amazon’s backing as it preps a roughly $9 billion, all-cash offer for the so-called RSNs, sources say.
Amazon reported a record $3.6 billion in profit during the first quarter of 2019, more than doubling its profit from a year ago and continuing its streak of record-breaking earnings. The company’s lucrative advertising and cloud computing businesses notched the bulk of its profits and helped boost margins even as sales growth slowed. Overall, first-quarter sales rose 17 % to $59.7 billion, compared to sales growth of 46% last year.
Amazon said Thursday that YouTube will appear on Amazon’s Fire TV devices and smart TVs in the coming months, but did not give an exact date.
Amazon is planning to build a network of more than 3,000 satellites federal filings reveal, in an ambitious attempt to provide global internet access. Known as Project Kuiper, the move represents the latest space ambition from Jeff Bezos.
An Amazon-led group of investors that includes the New York Yankees and Sinclair Broadcast Group is ready to sign a deal to buy YES Network — one of NY’s most prominent cable sports channels — for roughly $3.5 billion, according to two people close to the plans.
Onetime film and television CEO Barry Diller offered an apocalyptic vision of the entertainment business during a podcast interview, arguing that in the face of Netflix and Amazon, “Hollywood is now irrelevant” and yet “those who chase Netflix are fools.”
The stunning withdrawal that would have brought 25,000 jobs to the city was a serious blow to Gov. Andrew Cuomo and Mayor Bill de Blasio, who had lobbied intensely to land the project, competing against more than 200 other metropolitan areas across the continent that were practically tripping over each other to offer incentives to Amazon in a fierce bidding war it openly stoked.
Amazon’s acquisition of the mesh WiFi router startup Eero marks yet another effort by the retail giant to integrate its products and services into the home. The deal also indicates that it’s getting even more difficult to purchase or use technology that isn’t run by the “big five” tech companies: Google, Amazon, Apple, Microsoft and Facebook.