iWorld

×

Amazon to continue meaningful investment in Video biz

Its video library expanding with critically acclaimed TV shows and rights of live sports.

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/04/26/amazon.jpg?itok=bTlJorLl

MUMBAI: At a time when the lines between tech companies and media companies are gradually blurring, e-commerce giant Amazon has been aggressive on the video front although being a relatively new entrant. While its video library is expanding with critically acclaimed TV shows and rights of live sports, the company has reaffirmed it will continue to invest meaningfully in digital video.

Amazon investor relations director Dave Fildes said in an earnings call after Q1 2019 results that the company is extremely excited about this particular segment. He also cited examples of critically acclaimed shows on Amazon Prime Video like Homecoming, Jack Ryan, Hanna and Guava Island. Hence, Fildes assured that Amazon’s investment focus will continue here.

“On the accounting side, we did adopt an accounting standard in January that amended our accounting for how we cap for produced original video content. And under that new guidance, we capitalise production cost for original video content. Previously, we only capitalised a portion of those costs. So, the net impact, for the first quarter, to operating income wasn't material,” he added.

However, Fildes also mentioned that it would expect the impact to increase in the latter part of the second half of the year, in line with their production schedule as it grows. Amazon senior vice president and chief financial officer Brian Olsvasky also said that the hours watched on Video as a part of Prime benefit is in right direction and will continue to get better.

Amazon Studios has given the green flag to more than 20 new and returning local Prime Original Series in the first quarter including La Templanza in Spain, Wir Kinder vom Bahnhof Zoo in Germany, Bandish Bandits in India, El Presidente in Mexico, and The Bachelorette in Japan.

Jeff Bezos-led Amazon posted its first-quarter earnings beating analysts’ expectations for profit. It reported $3.6 billion net income in the quarter, more than twice the investors’ predictions. However, the $59.7 billion revenue of the company was in line with Wall Street expectations, up 16 per cent year-over-year.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/21/netflix.jpg?itok=vhpNbWR9
Netflix Traffic Growing Rapidly after New Subscription Announcement , SEMrush Study revelas

MUMBAI: SEMrush, the online visibility management and content marketing SaaS Platform, recently conducted data analysis on three most trending media services in India – Netflix, Amazon Prime, and Tata Sky. The case study revealed amazingly interesting facts regarding the growth of traffic from...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/21/hotstar.jpg?itok=C6AWsALl
From novels to personal screen – these book adaptations on Hotstar Premium are a must watch

MUMBAI: While some people find joy in turning pages and letting imagination take over, others simply prefer enjoying the celluloid version of the same story. As the constants debate of ‘which is better’ continues, here’s a look at some TV shows based on books that you can enjoy right away on...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/21/mobile-analytics.jpg?itok=zUD0NdtO
Digital segment projected to reach Rs 386 billion by FY22: KPMG

The digital segment of the India media and entertainment industry is projected to reach Rs 386 billion by FY22 from Rs 173 billion in FY19. The burgeoning sector is set to overtake print media and be behind TV within the same period, according to India’s Digital Future, a report by KPMG. By FY24,...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/20/Archana_Anand.jpg?itok=dbnOoswZ
ZEE5 Global partners with EUROSTAR Group in Middle East to roll out offline subscriptions

Dubai, UAE, 19 August 2019: In yet another key announcement for the Middle East region, Global digital entertainment platform ZEE5, today announced its partnership with UAE based digital retail giant, the EUROSTAR Group This strategic partnership will enable people across the GCC countries to...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/20/Broadband.jpg?itok=rW_RkBf5
Broadband subscriber growth improved in Jun-19

Telecom Regulatory Authority of India (TRAI) data for the month ended 30 June 2019 (Jun-19, month or period under review) reveals that broadband subscriber additions have improved. Jun-19 recorded the second-highest number of subscriber additions in a month in the calendar year (CY 19) until 30...

iWorld Broadband
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/20/gio.jpg?itok=6RBqxOnz
Jio Fiber impact on multiplex business to be limited, will boost OTT

After revolutionising the mobile data use in the country, telecom giant Jio is now ready to turn around the fortune for the broadband sector in India. Jio Fiber is not only merely providing high-speed internet connection but it is bundling a number of offers and features like access to premium OTT...

iWorld Broadband
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/19/nikkon.jpg?itok=-7sD-ltG
Nikon creates personalized #NikonInstaBadge for its user community

Mumbai : Amalgamating the brand philosophy of ‘Trustworthiness and Creativity’ with the event of World Photography Day, Nikon, a leading brand name in the photography industry, created a first-of-its-kind engagement campaign the platform feature on Instagram. The activity named #NikonInstaBadge...

iWorld Social Media
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/19/Ravinder-Takkar.jpg?itok=WJtDd8eN
Vodafone Idea CEO Balesh Sharma resigns, Ravinder Takkar to take over

 The Board of Vodafone Idea Limited today announced that it has accepted Balesh Sharma’s request for personal reasons to step down as CEO of Vodafone Idea. Balesh will be taking up a new role with Vodafone Group, which will be announced in due course. Ravinder Takkar, currently Vodafone Group’s...

iWorld Telecom
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/19/bhuvan1.jpg?itok=ZQAQbzrj
Paani Ki Samasya by Bhuvan Bam is trending on #1

India’s youth icon Bhuvan Bam doesn’t shy away from talking on important subjects and his latest video is proof. Right after his social media break to be with family and take a step back from the internet, Bhuvan posted his video ‘Paani Ki Samasya’ that covers the scarcity of water in our nation...

iWorld Social Media

Sign up for our Newsletter

subscribe for latest stories