Amazon increased its spending on movies, TV and music by 18%

Like Sony and Nintendo, Amazon this week also released its 2021 financial statement and, according to Variety , which reported the results, the company's spending on film, TV and music productions increased by 18% when compared to 2020. In numbers, values reached US$13 billion last year, relatively more than the US$11 billion of the previous year, which was an increase of about 40% compared to 2019.

Woman with open tablet on Amazon
Amazon increased its spending on movies, TV and music by 18%. Image: Shutterstock

Total capitalized costs in the video and music division were $10.7 billion at the end of 2021 – an increase of more than 50% from $6.8 billion a year ago. In parallel with the expenses, the company recently announced an increase in the price of its subscription for the US, from US$ 119 to US$ 139 (an increase of 17%) – something already expected by technology market analysts.

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The company also released its figures for subscription revenue, which reached $31.8 billion, up 26% year-over-year, and earnings from advertising sales, which totaled $9.72 billion in the quarter ( increase of 32%) and US$ 31.2 billion for the whole of 2021.

Also sharing the company's news, something common in the announcements of these reports, Amazon pointed out some of its most outstanding original productions, such as "The Wheel of Time", the comedy "Harlem", the adult animation "Fairfax" and the season finale of the science fiction “The Expanse”.

Among the contents coming are; the first season of the crime series “Reacher”, based on Lee Child’s “Killing Floor”, which arrives this Friday (4), and “Diabolical”, an animated spin-off of the superhero parody “The Boys,” which is set to premiere on March 4, 2022.

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