Andy Jassy says Prime Video is on track to earn ‘tens of billions of dollars’
The success of blockbuster hits like Project Hail Mary and Verity is only part of the story, Amazon's CEO says.
Amazon CEO Andy Jassy stated on the quarterly earnings call that Prime Video, Amazon's streaming service, has grown into a significant and now profitable business generating revenue in the tens of billions of dollars. The company revealed that its movie studio, Amazon MGM Studios, has generated over $1.2 billion in global box office sales this year, attributed to successful releases like "Project Hail Mary" and "Verity."
Jassy highlighted that "Project Hail Mary" earned an estimated $684 million worldwide, becoming MGM Studios' highest-grossing release this year. Prime Video has also seen success with TV shows including "Carrie," "The Summer I Turned Pretty," "The Boys," "Off Campus," "Fallout," and "Reacher," with "Reacher" Season 4 attracting 66 million viewers globally in its first 28 days.
The streaming service's popularity has been boosted by sports content, particularly NASCAR, the Masters, UEFA Champions League soccer, and Thursday Night Football, which averaged 17.7 million viewers for the first six games of the season, a 16% increase from the previous year.
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