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Amazon hikes cost of Prime Membership in UK and Europe by up to 43%

Amazon Prime deliveries, shows and movies are going to become expensive starting mid-September in the UK and Europe. On Tuesday, Prime customers awoke to an email from Amazon telling them that their Prime membership will increase by up to 43% on September 15, depending on which country they live in. The company cited “increased inflation […]

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Tech

Amazon raises Prime membership fees to offset growing shipping costs and wages

Amazon on Thursday said it was raising the price of its Prime subscriptions, as it looks to offset higher shipping costs and wages even after beating profit expectations for the holiday quarter. Amazon’s profits included a pre-tax gain of $11.8bn from its stake in electric car maker Rivian Automotive. On the heels of its windfall […]

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Business World

Over-the-top content platforms to reach net worth of $1 trillion by 2027

Over the top (OTT) platforms provide media services to people via the internet. It is mostly a a subscription based video on demand service model that gives consumers access to view films and shows. The global OTT platform is worth about $121.61 billion as of 2019. By the end of 2021 it is said to […]

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Business

Amazon in talks to buy MGM as streaming space gets extremely competitive

Amazon is reportedly in talks to buy MGM, the film studio that was a staple of Hollywood’s Golden Age. A tie-up will give Amazon a big brand to wield as competition in streaming grows fiercely by the day. MGM’s iconic logo of a roaring lion has played before tons of classic films could be valued […]