As it’s seen rivals Netflix and Hulu see increasing success with their strategies of producing proprietary content, Amazon has not been idle. The retail and streaming giant has revealed that it will be dropping more than 0 million on original content in the third quarter of 2014.
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Amazon CFO Tom Szkutak said the following about Amazon’s original content expenditures:
“We are ramping up the [content] spend from Q2 to Q3 significantly, and [total spend] will be a significant growth year-over-year,”
Amazon Studios’ current content plans include “Chris Carter’s ‘The After,’ cop drama ‘Bosch,’ two kids series and 30-minute comedies ‘Mozart in the Jungle’ and ‘Transparent,’ in addition to renewing ‘Alpha House’ with John Goodman, among others.”
With Amazon having turned in a huge loss for the preceding quarter, can the company afford to be so profligate with its content spending? Will this strategy pay off in the long term?
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[via Home Media Magazine]
I will just sit tight with NetFlix and RedBox and Warner Bros.
I don’t much care for Amazon and the prime bit…
And then still having to pay for some of the TV shows…Movies…
And they are still slow on the show with CC Closed Caption..
I will pass…
As far as I’m concerned, Amazon is still the place to go to buy books, & DVDs. And that’s it…
I have Prime mostly for the 2 day shipping. I do like that they added a lot of HBO content so that does help but they have a long way to go to rival Netflix on the streaming side.