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Amazon ramped up content spending to $16.6B in 2022, including $7B on originals


Amazon detailed the costs of its content business during its fourth-quarter earnings on Thursday, citing that its content expenses jumped to $16.6 billion in 2022, a 28% increase from $13 billion in 2021.
According to Chief Financial Officer Brian Olsavsky, around $7 billion of that figure went toward Amazon Originals, live sports programming and licensed third-party video content included with Prime. In 2021, Amazon spent $5 billion on those three areas of content, for comparison.
While the company didn’t break down exactly how much it invests in each title, it’s reported that Amazon is spending more than $1 billion annually for its NFL streaming rights. Plus, the first season of “The Lord of the Rings: Rings of Power,” the most-watched Amazon original series worldwide, cost more than $500 million.
Streaming services know by now that original content is the key to standing out amongst rivals and reducing churn. Amazon is likely boosting its content investmen …

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