Amazon Stock to Gain from Business Growth
Amazon.com, Inc. (NASDAQ:AMZN) has been in the news due to speculation about whether the e-commerce giant’s business would be hit following the election of Donald Trump as U.S. president.
AMZN stock has already suffered as a result of this event. However, the company is going about its business as usual, pursuing growth and expanding its market share aggressively.
Amazon is exploring a possible premium sports package with its “Amazon Prime” membership. The company has been in talks for live sports broadcasting rights with top leagues including the National Basketball Association (NBA), Major League Baseball (MLB), and the National Football League (NFL). It has also talked with soccer, lacrosse, and surfing leagues, as per reliable sources. (Source: “Amazon Explores Possible Premium Sports Package With Prime Membership,” The Wall Street Journal, November 21, 2014.)
If the company succeeds in taking on the live sports segment, which has been a stronghold of pay television, it would be a huge win for the Internet retailer, which is betting big on video st, and the company plans to create an exclusive sports package for its Amazon Prime program.
Such a premium sports package would mean more additions to the Prime program, which currently is priced at an attractive $99.00 per year. This would mean more gains for AMZN stock.
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There might be delays because many premium rights are tied up, but Amazon is unlikely to give up. In the meantime, its current offerings for Prime members are doing great.
In a press release on Monday, Amazon said its original show, “The Grand Tour,” has broken viewership records on “Prime Video.” Millions of Prime members streamed the first episode of “The Grand Tour” over the opening weekend in the U.S., the U.K., Germany, Austria, and Japan. The debut episode broke all previous records, including the one for the debut of Amazon’s highly acclaimed “The Man in the High Castle.” This bodes well for AMZN stock.
Further, on the day of the “The Grand Tour” debut, total new Prime membership sign-ups exceeded all previous days, with the exception of Amazon’s renowned Prime day. (Source: “Amazon Original The Grand Tour Breaks Viewership Records on Prime Video,” Amazon.com, Inc., November 21, 2016.)
In addition to the brilliant customer reviews, “The Grand Tour” has received outstanding critical acclaim from media around the world.
This proves the point that customers love Amazon.com, Inc. that and its Prime juggernaut is not showing any signs of slowing down. Amazon’s business is right on track, and Amazon stock has huge potential ahead.