Amazon’s entertainment empire is about to get a massive boost.
The company announced on Wednesday that it’s signed an agreement to acquire MGM Studios for a purchase price of $8.45 billion. It’s a blockbuster deal that will further bolster Amazon’s already-potent entertainment division, the Emmy- and Academy Award-winning Amazon Studios.
The acquisition turbocharges Amazon’s efforts to make noise in Hollywood, giving the company a massive roster of beloved entertainment properties to support and mine for new ideas. And that’s in addition to an upcoming MGM slate that includes new movies for James Bond and The Addams Family, as well as House of Gucci, and the Aretha Franklin biopic Respect.
Amazon kicked off the holiday weekend by backtracking slightly on a social media offensive that unfolded in the waning days of a historic unionization vote. The earlier comments reportedly arrived as Jeff Bezos was pushing for a more aggressive strategy.
Along with taking on Senators Bernie Sanders and Elizabeth Warren, the Amazon News Twitter account went toe to toe with Congressman, Mark Pocan. The Wisconsin Democrat cited oft-reported stories of Amazon workers urinating in bottles in reaction to comments from Consumer CEO, Dave Clark.
“You don’t really believe the peeing in bottles thing, do you?” the account asked. “If that were true, nobody would work for us. The truth is that we have over a million incredible employees around the world who are proud of what they do, and have great wages and health care from day one.”
Given what we know now, the trajectory of Jeff Bezos seems almost inevitable. The founder and CEO of Amazon has been relentless in his pursuit of building the most dominant, customer-focused enterprise in modern history. It’s fitting, considering he first thought to name his company Relentless.com.
Looking backward, however, it can be easy to forget that relentless did not mean inevitable, at least not in the early years. But as Amazon’s execution began to match Bezos’s vision, an extraordinary company emerged–one that changed our lives. Bezos leaves his CEO role as one of the most important business leaders of his generation, having taken his company from zero to nearly $1.7 trillion, the market value of Amazon today. Along the way, the man behind “The Everything Store” gave us some of the most important lessons on entrepreneurship, innovation, and customer experience. Here are 11 principles every entrepreneur can learn from Jeff Bezos.
Everybody uses Wikipedia.
It’s currently the 8th most visited website in the U.S. and the 13th most trafficked site in the world. The website bills itself as the “free encyclopedia,” providing knowledge free of charge to a global user base. However, the nonprofit which runs Wikipedia, Wikimedia Foundation, hopes that it soon won’t be free for everybody.
Don’t worry, it’ll still likely be free for you, dear Mashable reader. But for companies like Google, Facebook, Apple, and Amazon, Wikipedia is hoping to charge them for publishing its content.
A new report by Wired looks into a brand new division under the Wikimedia umbrella called Wikimedia Enterprise. In a first for the nonprofit Wikimedia Foundation, Wikimedia Enterprise will offer a paid service targeting Wikipedia’s biggest users: Big Tech companies.
Andy Jassy will be leading Amazon through a pivotal period when he takes the e-commerce giant’s helm from founder and CEO Jeff Bezos this summer. On the one hand, the pandemic has further expanded Amazon’s impact on consumers, businesses, and governments. It’s little wonder that the company ended the fourth quarter of 2020 with more than $125 billion in sales, its biggest quarter ever.
At the same time, Amazon is facing unprecedented scrutiny, including in regard to how its actions affect small businesses and third-party sellers on its platform. The company is facing multiple antitrust lawsuits and may face more regulatory action this year in the U.S. and the E.U. How Jassy handles it will have important consequences for small businesses trying to compete with Amazon. And regardless of the outcome, his selection as CEO will also influence the fortunes of private companies hoping to get acquired by Amazon, as well as those that rely on it for their sales.
For just $25, Amazon wants to make you a custom T-shirt. And a virtual body double.
This week, the company unveiled a brand called “Made for You” that creates made-to-measure clothes. The initial product, a T-shirt, can be personalized to your taste and measurements, and more products are coming. This is Amazon’s latest bid to make itself a fashion destination, and if the company chooses to double down on this made-to-measure technology, it could have significant impacts throughout the industry.
Volumes of future marketing analysis will surely be written about this year’s unprecedented holiday shopping season, but for now we’ll have to make do with industry reports that reveal people’s pandemic-era spending habits in dribs and drabs.
The latest drib (or drab?) comes from analytics firm Sensor Tower, whose new dispatch shows a record surge in new downloads of shopping-related mobile apps. Black Friday alone saw more than 2.8 million first-time installs of shopping apps, the largest ever in a single day, according to Sensor Tower’s preliminary estimates. Year-over-year growth, the report says, was about the same as last year at 8%, but it was more substantial when you look at the entire month of November—with 59.2 million shopping app installs compared to 51.7 million for the same period last year.
Amazon has buried the hatchet with AT&T’s WarnerMedia and will bring HBO Max to Fire TV devices on Tuesday, November 17. Fire TV users can find the app by saying “Alexa, open HBO Max.”
HBO Max launched in late May, with an expanded catalog of movies and shows for the same $15 per month price as HBO alone. But until now, the service hasn’t been available on Fire TV devices. As Variety reported in July, a main point of contention was Amazon’s Prime Video Channels store, which already distributes HBO to roughly five million subscribers. WarnerMedia wanted Amazon to stop selling those subscriptions, while Amazon wanted its existing subscribers to get the broader Max catalog.
The HomePod mini, announced Tuesday at Apple’s tech event, is the newest smart speaker out there. It joins refreshed models from the competition, Amazon and Google; the speakers all feature shiny new homes and let you play music, ask questions, and control your smart home and other devices. Like those from Amazon and Google, Apple’s latest device costs around $100.
So, what’s different about the three new speakers? Here’s the latest on which you should use for all your Siri, Alexa, and Google Assistant needs.
Retailers today are turning to online marketplaces as a way to get their products in front of a bigger audience. One marketplace that has become especially popular is Amazon. Amazon Prime had a staggering 112 million U.S. users as of January 2020 and has a global reach which is unmatched by any other marketplace.
While Amazon offers a huge opportunity for entrepreneurs in terms of customer reach, how do you know if it’s the right place to sell your product? If you’re considering doing business on Amazon, here are answers to some common questions.