Amazon CEO Andy Jassy “Very Optimistic About What’s Possible” In Entertainment
deadline.comFollowing its MGM purchase, Amazon chief executive Andy Jassy anticipates a continued ramp up of investment in entertainment as Prime Video content proves highly successful in spurring signups of Amazon Prime.The biggest investment so far is its recently closed $8.45 billion acquisition of the studio behind James Bond and Rocky. “I think it’s still pretty early days for us in entertainment.
We’ve invested a lot of money there and a lot of resources there, and I think you should expect we will continue to do so. We are very optimistic about what’s possible,” Jassy said on CNBC.He was circumspect when asked about today’s business bombshell, Elon Musk’s hostile bid for Twitter. “I don’t know.
I woke up and heard the news. It’s interesting. We all use Twitter obviously to some degree. It will be interesting to see how it evolves.” Asked if Amazon may want to move into social media with its own bid, he said, “It sounds like someone else is going to own Twitter.” So does he thinks Musk will indeed end up owning Twitter? “I don’t know.
That’s the rumor. That’s what you guys are all talking about.”Jassy’s remarks on the cable network followed a letter to shareholders posted today where he devoted a big chunk of space to Prime Video, including a brief history of the service from its 2006 launch with about 1,000 studio films available to download, to early streaming, to its first original productions Alpha House and Betas, to Transparent, The Marvelous Mrs.
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