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Amazon Spent $11 Billion on Prime Video and Music Content in 2020, Up 41%
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variety.com
variety.comTodd Spangler NY Digital EditorAmazon spent a cool $11 billion on TV series, movies and music for its Prime services last year, an increase of 41% from $7.8 billion in 2019, the ecommerce giant disclosed in its annual report.The total content spending includes licensing and production costs associated with video and music offered to Amazon’s Prime members, as well as costs associated with digital subscriptions and content that the company sells or rents.Amazon also reported that the total capitalized cost of music and video content (which is primarily released) for the year ended Dec.
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