Amazon on pace to spend $7 billion on video and music content this year, according to new disclosure

Amazon on pace to spend $7 billion on video and music content this year, according to new disclosure

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/26/amazon-on-pace-to-spend-7-billion-on-video-and-music-content.html

Amazon disclosed on Friday that it spent $1.7 billion on video and music content in the first quarter, providing a new number that investors have previously been forced to predict.

Investments in video and music, which are included in Amazon's Prime membership program, increased 13% from $1.5 billion a year earlier, Amazon said in its quarterly financial filing. That translates to roughly $7 billion for the full year.

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