Amazon's $7B Entertainment Spend: Hits, Misses, and the Future Under CEO Jassy's Scrutiny
Portfolio Pulse from Anusuya Lahiri
Amazon's CEO, Andy Jassy, is scrutinizing the company's Hollywood studio's ballooning costs and mixed track record with audiences. In 2022, Amazon spent $7 billion on original shows, licensed programs, and sports, up from $5 billion the year before. Despite the high spending, several costly series failed to deliver the desired results. Meanwhile, Amazon's biggest competitor in streaming, Netflix, was churning out new hits every month.
July 05, 2023 | 1:46 pm
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NEGATIVE IMPACT
Amazon's high spending on original shows and licensed programs has not yielded the desired results, which could impact investor confidence.
Amazon's high spending on original shows and licensed programs has not yielded the desired results. This could lead to a decrease in investor confidence and potentially impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Netflix, Amazon's biggest competitor in streaming, continues to churn out new hits every month.
Netflix's ability to consistently produce new hits could attract more subscribers and increase its market share, potentially positively impacting its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50