According to Reuters: "Amazon.com will lay off several hundred employees in its streaming and studio operations, it said in an internal note on Wednesday as companies extend their massive job cuts over the past two years into 2024."
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https://www.reuters.com/technology/amazon-lay-off-employees-prime-video-studios-divisions-information-2024-01-10/In my opinion many of these streaming providers are spending way too much on creating their own content. Think how much cash Amazon burned in creating the Lord of the Rings: The Rings of Power series? They only got one season completed. I watched the entire first season when it came out. I thought it was rather boring and very long and drawn out. Am I dying to see season 2? Nah, I can take it or leave it. But what's the point of making their own content? Is it to get more subscribers? Is it to keep current subscribers from cancelling? To me, it had zero effect on my decision to subscribe or not subscribe to Prime. Yet they spent hundreds of millions of dollars on it. According to Entrepreneur magazine, they spent nearly $1 Billion dollars on it.
There would be far less risk for Amazon to just license content from other studios that are known hit shows & movies.