Amazon looking at offering original videos to other outlets
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Amazon (NASDAQ:AMZN) is reportedly looking into expanding the reach of its original TV series and movies by distributing that content to other media outlets.
The move would come in the wake of Amazon's (AMZN) $8.5B acquisition of the MGM movie studio in 2022, and the company's plan to spend $1B on films for release in movie theaters. According to a report from Bloomberg, a new Amazon (AMZN) business unit will make the video content available to buy rent or purchase on other streaming services and airplanes.

The Amazon (AMZN) unit will reportedly have access to content including the company's library for 17,000 TV show episodes and 4,000 movies. Amazon's (AMZN) plan reportedly includes offering the video content after it has completed initially running on Prime Video.
Amazon (AMZN) recently reported upbeat first-quarter earnings and sales, but got a cautious reaction from Wall Street due to what was described by some analysts as a cloudy business outlook.