Amazon bought MGM for $8.5 billion four years ago, and Hollywood has since become a lucrative business for the company. CEO Andy Jassy said on the earnings call that Prime Video has a revenue run rate in the tens of billions of dollars and is now profitable on its own, after he had earlier said in May only that it was profitable. Amazon MGM Studios has brought in more than $1.2 billion in global box office so far this year, with Project Hail Mary grossing an estimated $684 million worldwide. Season 4 of Reacher drew 66 million global viewers in its first 28 days, and the first six Thursday Night Football games averaged 17.7 million viewers, up 16% from last year according to Nielsen.
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AMZN
▲ Likely positiveAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/29/2026 | 244.23 |
| Change that session | -4.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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