CEO Andy Jassy used last week’s Dealbook Summit to declare that Amazon’s entertainment venture is actually about more than just getting folks to buy things online. “I do think over time we have opportunities to make our Prime Video business a standalone business with very attractive economics,” Jassy said. An Amazon Prime that can pay its own way must be scary for competitors financing their streaming transition from their declining broadcast and cable operations.
Source: Is Powerful Amazon About to Overrun the Entertainment Sector? (Bloom)