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.
Amazon.com is reconsidering its plan to bring 25,000 jobs to a new campus in New York City following a wave of opposition from local politicians, according to two people familiar with the company’s thinking. The company has not leased or purchased office space for the project, making it easy to withdraw its commitment.
Bezos, who is also owner of The Washington Post, detailed his interactions with American Media Inc., or AMI, in an extraordinary blog post Thursday on Medium.com. The billionaire did not say the tabloid was seeking money — instead, he said, the Enquirer wanted him to make a public statement that the tabloid’s coverage was not politically motivated.
Amazon, which recently surpassed Microsoft as the most valuable publicly traded company in the U.S., reported net income of $3.03 billion for the last three months of 2018. Revenue rose 20% to $72.38 billion, beating the $71.73 billion that analysts expected.
Movie studios often use the Super Bowl to drop trailers for their coming blockbusters. Since last year, a rival source of video entertainment has been doing the same. Amazon Prime Video will return to the Super Bowl this year, dropping a 60-second trailer in the third quarter for Hanna, a new drama centered on a powerful young girl who must thwart agents who want to take her down, along with her father. The commercial will show Amazon getting more aggressive in the realm of big-game promotion.