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Economist Podcasts
Show and sell: Amazon v Hollywood
Sep 6, 2023
Join Tom Wainwright, Technology and Media Editor at The Economist, as he dives into Amazon's high-stakes streaming strategy and the mixed reviews it garners. Duncan Weldon, Britain’s Economics Correspondent, reveals that nearly 2% of GDP was overlooked in British data, offering hope for the economy's recovery. Keith Houston, author of 'Empire of the Sum', takes us on a nostalgic journey through the history of pocket calculators, showcasing their pivotal role in ushering in the digital age.
23:25
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Quick takeaways
- Amazon's video streaming business has the potential to become a formidable force in video advertising by leveraging its extensive viewer base and strong advertising operation.
- Recent revisions to UK GDP figures paint a more positive picture of the country's post-pandemic recovery, with a larger economy and faster bounce back from the pandemic.
Deep dives
Amazon's Strategy for Video Streaming Success
Amazon's video streaming service, Prime Video, is gaining traction and challenging competitors like Netflix and Disney Plus. While Amazon aims to produce hit shows, it also leverages advertising and selling other people's content to generate revenue. With its extensive viewer base and strong advertising operation, Amazon has the potential to become a formidable force in video advertising. It also aims to become a landlord of video, offering content from other providers through its Prime app and taking a cut of revenue from subscriptions and downloads. While challenges remain, Amazon's video streaming business shows promise.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode