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Amazon content spending nears $19 Billion for 2023
An annual report posted by Amazon has revealed its spending on media content has increased to almost $19 billion
As reported by Variety, Amazon ran up a bill of $18.9b for TV shows, movies, and music to be utilized on its services in 2o23, reflecting a 14% increase on the $16.6b figure amassed the previous year. Amazon’s content spending includes a significant rights deal with the NFL, with the exclusive package to stream Thursday Night Football, said to be worth around $1 billion per year to the league over the 11-year contract. The sense of achievement won’t be shared by many in the company’s workforce after Amazon laid off hundreds of employees last month across its stable of subsidiaries, including the axing of 35% of Twitch’s headcount.
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