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Amazon to acquire MGM Film Studio for $8.45 Billion

26May By AnkitaNo Comments

ACQUISITION

Amazon to acquire MGM Film Studio for $8.45 Billion

SEATTLE & BEVERLY HILLS, Calif., 26th May 2021-- Amazon (NASDAQ: AMZN) has announced that they are going to acquire MGM Holding for $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. “MGM has a vast catalog with more than 4,000 films includingJames Bond, Robocop, Rocky, The Pink Panther, etc. as well as 17,000 TV shows that have collectively won more than 180 Academy Awards and 100 Emmys,” said Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios. “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many...

Walmart+ – A Membership Program by Walmart Cost $98 a year

1Sep By AdityaNo Comments

News

Walmart+ – A Membership Program by Walmart Cost $98 a year

BENTONVILLE, Ark., Sept. 1, 2020 — Retail store giant Walmart is launching a new membership program Walmart+ that brings together in-store and online benefits. Walmart+ uses the company’s unique assets to make life easier for busy families. Along with the power of its online presence, Walmart+ has the reach of more than 4,700 stores, including 2,700 stores that offer delivery as fast as same day. Members will receive unlimited free delivery from stores, fuel discounts and access to tools that make shopping faster for families. Membership will be available to all customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. In the future, the company will leverage its wide-ranging strengths to add additional benefits for members in a va...

Walmart owned Flipkart will Launch its own Video Streaming Platform

6Aug By PriyankaNo Comments

News

Walmart owned Flipkart will Launch its own Video Streaming Platform

Upping its ante against rival Amazon, Walmart-backed Flipkart said it will roll out video streaming service and make its platform available in vernacular languages as part of its efforts to woo the next 200 million internet users onto its platform. The video streaming service ‘Flipkart Videos’ will be ad-supported and available free for users on Flipkart’s app. The content available will be a mix of short films, full-length movies and episodic series, and the company is in discussions with content makers to expand the library. The move also assumes significance in view of the upcoming festive season that accounts for a significant share of India’s e-commerce sector’s annual sales volumes. “We have a lot of investment going into this. Apart from shopping, we also want users to spen...

eBay draws new Logistics plan to fight against Amazon

26Jul By AnkitaNo Comments

News

eBay draws new Logistics plan to fight against Amazon

SAN FRANCISCO: Online retail giant eBay plans its own managed delivery for sellers through its platform to compete with Amazon prime service and boost its brand recognition. The new service will result in "hundreds of millions of eBay-branded boxes and packages being placed on front porches across the United States within the next few years," the company statement said. The move by eBay comes with Amazon growing its base of third-party sellers for its Prime subscription service that offers same day delivery. "These branded packages will not only deliver a better shopping experience for customers, but materially enhance eBay's brand identity as a popular consumer shopping destination." The new service will allow sellers to store inventory closer to buyers in warehouses across t...

18Jul By PriyankaNo Comments

INDIA

Netflix to roll out $3 to $7 per month plan for mobile users in India

Video streaming company Netflix will roll out a cheaper mobile-only plan in India as it looks to woo viewers amid growing competition from other players. The premium content platform also believes that growth in the Indian market is a marathon; and that it is witnessing steady progress here. After several months of testing, the company has decided to roll out a lower-priced mobile-screen plan in India to complement existing plans, Netflix said in a statement."We believe this plan, which will launch in Q3, will be an effective way to introduce a larger number of people in India to Netflix and to further expand our business in a market where Pay TV average revenue per user (ARPU) is low (below USD 5)," it added. Netflix had been testing a $3.5 monthly subscription for mobile devices...

Amazon adds “Tens of Millions” of New Prime Subscribers on its Platform

27Dec By Gauri SinghNo Comments

Tech

Amazon adds “Tens of Millions” of New Prime Subscribers on its Platform

Amazon has announced that it added “tens of millions” of people who signed up for Prime memberships, both paid and on a trial basis. Its worldwide customers also shopped and ordered more items than ever before, including “millions more Amazon devices” compared with this time last year. The device best-sellers, as on Black Friday, again included Amazon Echo speakers and Fire TV. Specifically, Amazon said its top devices sold over the holidays were the Echo Dot, Fire TV Stick 4K and the Echo. Millions of Fire TV devices, Fire tablets and Kindle devices were also sold. Smart home devices sold in record numbers as well, with best sellers including Amazon Smart Plug, Ring Video Doorbell 2, TP-Link Kasa Smart Plug Mini Outlet and the iRobot Roomba 690. The lower-cost Echo Dot has ...

21Jun By Gauri SinghNo Comments

News

Flipkart To Launch Its Loyalty Programme To Combat Amazon Prime

With the announcement of the Amazon’s Prime Day sale, rival Flipkart is also expected to introduce its loyalty programme soon by the end of July or in the starting of August. The programme, however, will be carried forward in a way different from it has ever been. The company won’t charge any subscription fee, rather the Flipkart customer loyalty programme will be based on the amount of purchases a customer does. After hitting the given amount of purchases, the customer will be eligible to enjoy the benefits of the programme. “The idea is to start treating the cohort of loyal customers as more special. This is why it will be based on frequency and repeat purchases rather than a fixed fee paid upfront,” a Flipkart employee said. According to the company, the loyalty programme will offe...

Amazon Shipped Over 5B Products Via Prime Last Year

3Jan By RishabhNo Comments

News

Amazon Shipped Over 5B Products Via Prime Last Year

E-commerce giant Amazon.com Inc in a recent press release stated that it has shipped 5 billion+ items worldwide via its premium service Amazon Prime in 2017 and has reached an all time high of prime members. The online retailer revealed the data for its Prime shipments for the first time in its entire history. It gave no comparable full-year shipment number for 2016. Across all the items from various categories that Amazon sells, its Fire TV and Echo Dot, a smart voice controller device were the best selling among its Prime members across the USA. Amazon Prime is premium subscription that Amazon offers for its users, who after subscribing this service get facilities like free two-day delivery on selected purchases, streaming of movies and TV shows worldwide and some of its exclusi...

Amazon Scraps Bundled Video Service – Sources

16Nov By reutersNo Comments

BUSINESS

Amazon Scraps Bundled Video Service – Sources

[dropcap]A[/dropcap]mazon.com Inc has scrapped plans to launch an online streaming service bundling popular U.S. broadcast and cable networks because it believes it cannot make enough money on such a service, people familiar with the matter told Reuters. The world’s largest online retailer has also been unable to convince key broadcast and basic cable networks to break with decades-old business models and join its a la carte Amazon Channels service, the sources said and has backed away from talks with them. The reversals come a month after the abrupt departure of Roy Price from his job as head of Amazon Studios, the company’s high-profile television production division, following an allegation of sexual harassment, which he has contested. They show how difficult it is for Amazon t...

18Oct By PriyankaNo Comments

News

Flipkart To Launch Its Loyalty Programme ‘Flipkart First’ To Take On Amazon Prime

India's Ecommerce Unicorn Flipkart is planning to relaunch its loyalty programme to compete with Amazon Prime that has become a key differentiator for the American internet giant. The online retailer is in talks with online travel portal MakeMyTrip and event and tickets booking platform BookMyShow and cab aggregator Ola to provide its consumers more value-added services through Flipkart First. Earlier when Flipkart launched its loyalty programme- Flipkart First, but later didn't worked much to make it work; and the service fizzled out. Also Read: Amazon Infuses $250 Mn In Indian Amazon Seller Services Flipkart In Talks To Acquire Stake In BookMyShow Flipkart, which has so far raised nearly $3 billion in two separate tranches this year, also plans to leve...

27Dec By PriyankaNo Comments

FUNDING

Videos Streaming Platform Dekkho Raises USD 1.2 million Seed Funding

Videos streaming platform Dekkho has raised USD 1.2 million in a seed funding round from seven marquee angel investors. However, the company hasn’t disclosed the names of the investors. “We are looking to revolutionise the way entertainment is consumed and delivered in India and create India’s first social video network, where users are closely connected to their favourite content creators. Indian consumers are far from paying for online content. We aim to create a sustainable, three-way ecosystem for content producers, advertisers, and users through a free-to-use service.” , said co-founder Tanay Desai. Dekkho is a free over-the-top (OTT) content provider that consumes less internet bandwidth and also offers offline viewing facility. The company claims to have over 12,000 hours of p...

Amazon Prime Video to Launch Baahubali’s Animated Series

2Oct By Press Trust of IndiaNo Comments

News

Amazon Prime Video to Launch Baahubali’s Animated Series

Amazon Prime Video today said it has partnered with filmmaker S S Rajamouli, Graphic India and Arka Mediaworks to launch "Baahubali: The Lost Legends", a new animated series based on blockbuster film, "Baahubali". "The animation series will allow our customers to discover hidden stories and legends from the Baahubali world," Amazon Prime Video India Director and Country Head Nitesh Kripalani said. "Baahubali: The Lost Legends" is set before the Kalakeya invasion depicted in the movie, when Baahubali and Bhallaladeva are still both young princes of Mahishmati, a release said. It said the animated series will feature new, never before revealed stories about the characters from the film, including Prince Baahubali, Bhallaladeva, Kattapa and Sivagami, as well as dozens of new characte...