News about Jeffrey Tambor

After losing 37 projects, Amazon CEO Andy Jassy has asked studio executives to rein in their investment

www.dailymail.co.uk, July 5, 2023
Andy Jassy, the company's CEO, is reviewing the spending on original TV shows and requesting that some of the company's most costly hits be inspected. It could lead to a path where shows such as The Boys or The Rings of Power could be reduced in production as Amazon continues to rein in investment. Jessy Jassy scrutinized Amazon's studio's spending as a result of rising costs and mixed audience reviews for its productions as part of a cost-cutting initiative. Last year, Amazon invested $7 billion on original shows, licensed programs, and sports, making it one of the top spending platforms in subscriptions. That's up from $5 billion last year. As part of a wider cost-cutting initiative, which includes job reductions and the elimination of unnecessary initiatives, the world's biggest online store aims to reduce costs.