Amazon Admits Video Isn't Carrying Its Own Weight
Amazon.com (NASDAQ: AMZN) CEO Jeff Bezos is ordering a strategic revamp at Amazon Studios, its original video division. The e-commerce giant is cancelling shows like Season 2 of "Z: The Beginning of Everything," which it had already begun writing, and "The Last Tycoon," which just launched its first season. Both shows were dramas about the writer F. Scott Fitzgerald.
Instead, Bezos has directed his Studios team to find a "Game of Thrones"-level hit, according to Variety. That statement in and of itself could be the most uncontroversial in Bezos's history. Like an NBA owner clamoring for the next LeBron James or an investor searching for the next Amazon, the wish is obvious -- but fulfilling it isn't so easyl
A scene from Game of Thrones. Image source: HBO.
Source: Fool.com
Netflix Inc. Stock
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As a result the target price of 608 € shows a slightly positive potential of 4.77% compared to the current price of 580.3 € for Netflix Inc..
