Amazon Is "the Dark Horse" in Streaming As Tech Giants "Have Nothing to Lose": Analyst

Yahoo Finance2022-08-21

The streaming wars have intensified with retail giant Walmart (WMT) officially partnering with Paramount Global (PARA), while YouTube TV (GOOGL) is reportedly set to launch an online channel store to ...

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Comments

Vincent1968
2022-08-22
Vincent1968
Okie
xiaojn
2022-08-22
xiaojn
Ok
SPOT_ON
2022-08-22
SPOT_ON
Ok
stylus
2022-08-22
stylus
Yeah
Xue91
2022-08-22
Xue91
Hurt hi I
WilliamFish
2022-08-22
WilliamFish
O

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The 11-year agreement with the NFL will cost the company a reported $1 billion per year.The analyst also called out the platform's highly-anticipated \"The Lord of the Rings: The Rings of Power\" series, which will roll out eight episodes beginning in early September.According to Variety, Amazon plans to spend $465 million to produce the first season of the upcoming show. For context, Peter Jackson’s entire \"Lord of the Rings\" movie trilogy cost $281 million.\"Money is no object for Amazon,\" Ranganathan stated, adding the tech giant is \"happy to be a loss leader\" in streaming as it focuses on \"the long game.\"As the streamer looks to expand, a new report from The Wall Street Journal notes Amazon is meeting with top Hollywood movie executives to beef up its film division.Amazon Studios has reportedly held conversations with Netflix's film head, Scott Stuber. 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