General Tech
Andy Jassy says Prime Video is on track to earn ‘tens of billions of dollars’
Amazon CEO Andy Jassy announced that Prime Video has reached a revenue run rate of tens of billions of dollars and is profitable, with its movie studio Amazon MGM Studios earning over $1.2 billion in global box office sales this year, driven by hits like 'Project Hail Mary' and 'Verity'. The success of Prime Video is attributed to a range of popular TV shows, including 'The Boys', 'Reacher', and 'The Summer I Turned Pretty', as well as sports broadcasts such as NASCAR, the Masters, and UEFA Champions League soccer. This is a significant development for Amazon, which acquired MGM for $8.5 billion four years ago.