Amazon Original Content Spend to Exceed $100 Million
By Jesse Whittock for TBI Vision
Speaking on the firm’s second quarter earnings call, Amazon chief financial officer Tom Szkutak said: “We’re ramping up the spend from Q2 to Q3 significantly,” and adding: “It’ll also be a significant growth year-over-year”.
Furthermore, “original content, as a portion of our total [licensed] content, will be over US$100 million in Q3”, he said.
In Q2, Amazon added its first two original children’s series: Tumble Leaf and Creative Galaxy to Prime Instant Video, and will add a third, Annedroids, today. Amazon said that the first six episodes of each show are available this summer, with additional episodes to follow later this year.
Amazon Studios, the content arm of the e-retail giant, has also greenlit five additional new pilots —dramatic thriller Hysteria, dramatic comedy Really, one-hour drama Hand of God, and comedies The Cosmopolitans and Red Oaks.
This forms part of Amazon’s third pilot season, which is due to debut next month on Amazon Instant Video.
Amazon’s increase in content spend comes amid competition from online rivals like Netflix, which has also invested heavily in original series like House of Cards and Orange is the New Black.