Amazon.com (AMZN) Trims-Back Viacom (VIAB) Offerings as 'Reality' TV Audience Shrinks
Get Alerts AMZN Hot Sheet
Join SI Premium – FREE
Amazon.com (Nasdaq: AMZN) is said to be dropping several Viacom (Nasdaq: VIAB) shows as viewership of reality programming continues to ebb.
Bloomberg said that Viacom shows being dropped include Teen Mom
and Mob Wives.
Amazon is expected to spend more money on original programming and on other vendors for its Prime Instant Video service.
Along with Viacom, Amazon is said to have dropped a renewal agreement with A+E Networks, which provided such shows at Pawn Stars
and Storage Wars.
Amazon acquired the content from Viacom in mid-June as Viacom's agreement with Netflix (Nasdaq: NFLX) expired. The deal is said to have been valued at about $200 million.
Shares of Amazon are positive early Thursday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Active options: WMT AMZN MU BULL WULF AMD MARA BABA COIN SOFI GOOGL PLTR QXO
- Stripe, Advent In Talks To Buy Paypal - WSJ
- Prime Video to invest $2 billion in Latin America by 2030
Create E-mail Alert Related Categories
Insiders' Blog, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share