![]() ![]() The company made a big bet launching the epic fantasy series “The Lord of the Rings: The Rings of Power,” spending more than $700 million on the show’s first season, including buying the TV rights, according to people familiar with the budget who were not authorized to comment.Īs part of its MGM purchase, Amazon also operates premium TV network Epix, which will be renamed MGM+ next year. Unlike many other platforms, Amazon Prime Video is one of the benefits that come with Prime membership - which includes other perks such as free shipping and music streaming. The promotions come as the competition among streamers continues to be intense as they compete for content and customers. “With Jen now having oversight of both studios - along with distribution and all creative marketing - creatives will have a single point of entry for the opportunity to showcase their content across all our platforms.” “Jen’s outstanding reputation in the creative community has earned her the respect of Hollywood’s top talent throughout the industry,” wrote Mike Hopkins, Amazon’s senior vice president of Prime Video and Amazon Studios, in a staff memo Tuesday night.
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