Amazon’s Prime Video targets tens of billions of dollars in revenue
By the AFREEQUE newsroom, based on TechCrunch
Amazon chief executive Andy Jassy says Prime Video, the group’s streaming service, is profitable and generating revenue at a rate of tens of billions of dollars. He also said Amazon MGM Studios had exceeded $1.2 billion in worldwide box-office receipts this year during a call on Amazon’s quarterly results.
Amazon’s streaming service Prime Video is generating revenue at a rate of tens of billions of dollars and is now profitable, the group’s chief executive, Andy Jassy, said on Thursday during the presentation of quarterly results. It is the first time Amazon has given an indication of this scale for the platform’s revenue, according to TechCrunch.
Amazon MGM Studios has generated more than $1.2 billion in worldwide box-office receipts since the start of the year. The film “Project Hail Mary”, released in March and starring Ryan Gosling, has earned about $684 million worldwide, according to specialist website The Numbers.
Sports programming is also contributing to the service’s audience. The first six games of the American football season shown as part of “Thursday Night Football” averaged 17.7 million viewers, up 16% year on year, according to Nielsen figures released by Amazon. The second season of the NBA on Prime Video has attracted more than two million viewers, also according to Nielsen.
