After spending the past nine months shopping global and streaming rights to its Emmy-winning drama, producers Lionsgate Television has sold the Jon Hamm starrer to Amazon and the show’s original home, AMC, in a sprawling deal.
Amazon is looking to add 24/7 live programming to its Prime Video service, according to multiple job listings posted over the past several weeks. The new channels could include live news, music and sports as well as scheduled movies and TV show showings.
Amazon is taking proactive action ahead of Wednesday’s annual shareholders meeting — at which investors plan on demanding the company address worker safety issues after at least eight warehouse employees have died of COVID-19 — by pushing a video package to local news outlets that promotes the corporation’s health and safety efforts.While most TV news professionals have scoffed at the idea of running Amazon-provided content as news, at least 10 stations across the country ran some form of the package on their news broadcasts. The package was produced by Amazon spokesperson Todd Walker.
The Home of the Whopper, Verizon and Amazon are among the relative few that haven’t been afraid to run ads near coverage of the coronavirus.
Amazon founder and CEO Jeff Bezos said the company will likely spend at least $4 billion during the second quarter in order to speed up delivery times and buy masks and other protection equipment for workers in its warehouses and Whole Foods supermarkets. Shares of Amazon.com Inc. fell about 5% in after-hours trading Thursday following the release of the earnings report.
The NFL and Amazon have inked a multi-year extension to their Thursday Night Football deal, which sees the digital giant stream 11 games throughout the season. First signed back in 2017 and extended in 2018, the agreement sees Amazon show the games on digital via Prime Video and Twitch, with Fox retaining broadcast (plus showing in Spanish on Fox Deportes) and NFL Network handling cable.
Amazon.com is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to internal meeting notes.
Web trackers see Amazon flat or trailing rivals as a survey data show sales declines in many categories — and yet, an influx of direct-to-consumer brands is driving up ad costs.
Media stocks and all major U.S. stock market indices were slammed Monday morning as coronavirus concerns heightened. Walt Disney was down 3.8% to $133.71, while ViacomCBS lost 4% to $27.13 and Sinclair Broadcast Group fell 5% to $27.47. In digital media, Google gave up 3.7% to $1,430, while Facebook was off 3.6% to $202.64, Amazon was down 3.5% to $2,022, Netflix sank 3.4% to $367.48, Apple was off 3% to $303.53, and Roku went backwards 3.6% to $115.09.
The Federal Trade Commission has launched a lookback at some of the smaller past acquisitions by some of the largest tech companies. The FTC said Tuesday it has issued “special orders” to Alphabet (Google), Amazon, Apple, Facebook, Google and Microsoft, which require them to provide info on all acquisitions over the past decade (Jan. 1, 2010 through Dec. 31, 2019).
Sony Pictures Television Chairman Mike Hopkins will exit the studio and lead Amazon’s video entertainment business, including Amazon Studios. Amazon Studios head Jen Salke will now report to Hopkins, who will report directly to Amazon CEO Jeff Bezos. Hopkins had been with Sony since 2017, following four years with Hulu.
Amazon’s move towards one-day shipping did little to hurt its bottom line during the holiday season, with the e-commerce giant reporting on Thursday afternoon its Q4 earnings easily surpassed Wall Street’s expectations. At the same time, Amazon shared it reached a new milestone when it comes to Prime memberships.
Amazon has acquired Net Insight’s consumer streaming business, Sye, for approximately $37.2 million in cash. The deal includes all of Sye’s intellectual property rights, contracts and about 30 employees and consultants who are being transferred to Amazon. Net Insight said it’s selling the division to increase focus and investments in its core B2B media networks business.
Amazon made a series of moves at CES in Las Vegas, most notably announcing deals to get its Fire TV software built into more televisions, soundbars and even the back seats of cars.
TV’s streaming wars are a global contest, and this year India became one of the most hotly contested fronts.
Software start-ups have a phrase for what Amazon is doing to them: “strip-mining” them of their innovations.
The Yankees may soon become a major-league thorn in the side of New York’s cable providers. The Bronx Bombers, working with tech giant Amazon, are gearing up to become the first Major League Baseball team to let fans watch games on their phones or laptops without a cable subscription — a bid to win over millennials who are cutting ties with cable TV
Amazon’s third-quarter earnings fell short of street expectations on Thursday, driving its stock down roughly 7% in after hours trading.
Amazon Studios has signed an overall deal with former ABC Studios President Patrick Moran. He’ll develop television series for Prime Video.
Politicians want to rein in the retail giant. But Jeff Bezos, the master of cutthroat capitalism, is ready to fight back.
Jimmy Pitaro said today: “I have no idea if [Amazon, Google and Facebook] are going to be interested specifically in Monday Night Football, but I do believe that several new media companies are going to be interested in acquiring more NFL rights.”
Amazon’s growth into a digital advertising giant will imperil Google and Facebook, transforming their current “duopoly” status into a “triopoly,” Forrester Research says in a new report. Ad agencies and ad-tech firms also will need to adapt as the e-commerce giant follows its long-term strategy of eliminating middlemen that hinder efficiency.
Amazon appears to be looking to build out its advertising business by putting the data on a blockchain. An Amazon job post suggests the company will expand on the work it has already done in blockchain by expanding the technology into advertising. The company is looking for a senior software engineer to join its Advertising FinTech team.
The streamer went on a bit of a killing spree Saturday, cancelling five series including the freshman Maya Rudolph-Fred Armisen afterlife satire Forever and sophomore critical fave Patriot.
The Justice Department said it will investigate how internet giants like Facebook, Amazon and Google have accumulated market power and whether they have acted to reduce competition. Similar inquiries are underway in Congress and at the Federal Trade Commission, which shares antitrust oversight responsibilities with the DOJ.
A Tuesday afternoon panel of the House Judiciary Committee focused on whether it’s time for Congress to rein in these companies, which are among the largest on Earth by several measures. Central to that case is whether their business practices run afoul of century-old laws originally designed to combat railroad and oil monopolies.
Some $7.9 million has been spent to date — June 30 to July 15 — with big dollars spent on Univision ($1.3 million), NBC ($705,000) and ABC ($604,000).
The House Antitrust Subcommittee is holding the second of its two Big Tech hearings this week, hearing from the FAAG in FAANG, lacking only Netflix among the witness list and definitely meeting the criteria for the hearing’s title.