How Amazon's Netflix competitor could be a success without making any money — and what that means for Netflix (NFLX)
Amazon
Netflix might be the king of content in the streaming video world, but there's one gargantuan advantage Amazon has in the space: it doesn’t actually have to make money on its Netflix competitor, Prime Video.
Amazon CFO Brian Olsavsky highlighted the value of video to Amazon during its earnings call on Thursday. He said that Amazon is going to “significantly increase [its] content spend” on its video offerings because the company is seeing better engagement and conversions from Prime members who use the video service. Читать дальше...