this post was submitted on 22 Sep 2023
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“Amazon gross profit for the twelve months ending June 30, 2023 was $244.974B, a 18.22% increase year-over-year.”
“Amazon operating income for the twelve months ending June 30, 2023 was $17.717B, a 15.81% increase year-over-year.”
Poor company. I can see how they have been forced to do this as a last resort effort to salvage their struggling corporation.
Prime Video isn't profitable and they need it to be. They included it with Prime to build a user base but they were always going to charge or make you watch ads after that. And that's perfectly fine because running a service that's never going to make any money is fucking stupid.
If you don't like it, don't pay but stop with that "big corp makes enough money so keep giving me shit for free" bullshit.
Would love to read your pitch for a streaming service that doesn't charge money and doesn't show any ads though
The multi-billionaire owned Amazon (A company that pays no taxes) already charges for their service.
They charge for Prime (Delivery) and until now, Prime Video was included in that price. I hate Amazon as much as the next guy (don't even haven an account) but all i read from you guys is exactly this kind of unconstructive rambling.
What the fuck do you expect? That a listed mega corporation just goes like "Oh you know what we make billions, what does it even matter if one of our services doesn't make any money, let's just keep going, not like we have shareholders to answer to".
Remember when people used to pay 5 bucks to rent a VHS for ONE DAY and no one lost their mind about it? Without constantly whining about Blockbusters profit margin?
But thanks for clearing up that Amazon is a billionaire owned company, only read that for the 500th time this week.