Amazon CFO Brian Olsavsky has told analysts that Amazon will double its video content spend during the second half of 2016 compared to the same period last year.

Speaking during the company’s Q2 earnings call, Olsavsky also said that Amazon was “nearly tripling” its number of new Amazon Original shows – TV shows and movies compared with the second half of last year.

Company wide, Q2 revenue was up 31 per cent to $30.4 billion (€27.3bn). Net profit was $857 million – the company’s largest ever for a single quarter.

Other posts by :

1. Russian satellite tumbling out of control
2. FCC boss praises AST SpaceMobile
3. Rakuten makes historic satellite video call
4. Rocket Lab confirms D2C ambitions
5. Turkey establishes satellite production ecosystem
6. Italy joins Germany in IRIS2 alternate thoughts
7. Kazakhstan to create museum at Yuri Gagarin launch site
8. AST SpaceMobile gets $42 or $1500 price target
9. Analyst: GEO bloodbath taking place

Categories: Articles, Content, OTT, Premium, Production, VOD