Amazon CEO Andy Jassy: Its still early days for us in media
Summary
Amazon CEO Andy Jassy told CNBC the company has big ambitions in entertainment, from live sports to original content for Prime subscribers. Amazon in May announced it would acquire MGM Studios for $8.45 billion, in a move broadly viewed as underscoring the companys growing ambition in Hollywood. Amazons "Lord of the Rings" television series, expected to debut in September 2022, will cost at least $465 million for the first season, an unprecedented budget for a streaming show. Hundreds of millions of people are now watching Amazons original content, said Jassy, in one of his first interviews since taking the reins as CEO from founder Jeff Bezos. Jassy declined to comment on Amazons appetite for "Sunday Ticket," but he said the company has a "very important partnership" with the NFL, citing AWS previous agreements with the league.