Citing Film and TV efforts, Amazon posts monster Q1 revenue

It’s a good day to be Amazon. The company shattered Wall Street’s Q1 estimates, reporting revenue of $29.1 billion – an increase of 28%. Analysts had projected revenue of $27.9 billion. The company’s net income for Q1 was $513 million – up from a $57 million net loss in Q1 2015. Amazon cited Amazon Studios’ original programming and acquisitions as a prime driver in its Q1 success.

Related Stories

Della Reese dies at 86

Della Reese dies at 86

Della Reese, the breakout jazz/gospel singer whose TV credits include talk show Della and Touched By an Angel, died last night at age 86. “I know heaven has a brand new angel this day,” said Reese’s Touched By an Angel co-star, Roma Downey.

CMT cancels Nashville

Season 6 will be the last for Nashville

Nashville’s 6th season will be its last. “After more than 120 episodes of unforgettable television, we believe that creatively it is time for the series to come to a triumphant close,” said Kevin Beggs, chairman of producer Lionsgate Television Group. Nashville, which moved from ABC for season 5, ranks as CMT’s highest-rated and most-watched show […]

George Clooney returning to TV

George Clooney returns to TV

George Clooney is headed back the small screen. The ER alum will star in and direct a 6-episode series for Paramount Television and Anonymous Content, based on the Joseph Heller novel Catch-22.

Report: AT&T nears deal to acquire all of Otter Media

Report: AT&T nears deal to acquire all of Otter Media

AT&T is nearing a deal to acquire a full stake Otter Media, its joint digital video venture with the Chernin Group, according to a new report from Digiday. Otter Media – whose properties include Fullscreen, Crunchyroll, Hello Sunshine, and Gunpowder & Sky – was first formed in 2014. Since its inception, it’s been a purely […]

Fox TV CEO Dana Walden joins Hulu’s board

Fox TV CEO Dana Walden joins Hulu's board

Dana Walden, the co-chair and CEO of Fox Television Group, has joined Hulu’s board of directors. Two other Fox execs already were already serving on the board: Peter Rice, the President of 21st Century Fox, and Brian Sullivan, the President and COO of Fox Networks Group’s Digital Consumer Group. 21st Century Fox currently owns a […]

CynCity

Cynsiders

Instagram