Andy Jassy says Prime Video is on track to earn ‘tens of billions of dollars’

It’s been 4 years since Amazon bought MGM for $8.5 billion. But coming disconnected the blockbuster occurrence of this year’s deed movie Project Hail Mary, Hollywood has go a lucrative concern for the e-commerce giant.

Prime Video, Amazon’s streaming service, “has emerged arsenic a important concern with a gross tally complaint successful the tens of billions of dollars and is present profitable successful its ain right,” Amazon CEO Andy Jassy said connected the quarterly net call connected Thursday. Jassy had antecedently told investors successful May that Prime Video was profitable, but being connected way to make tens of billions is simply a caller detail.

Amazon said its movie studio, Amazon MGM Studios, has brought successful much than $1.2 cardinal successful planetary container bureau income truthful acold this year, helped by hits similar Project Hail Mary and Verity. Project Hail Mary grossed an estimated $684 cardinal worldwide, according to The Numbers. Starring Ryan Gosling and based connected Andy Weir’s novel, the movie opened successful theaters successful March and became Amazon MGM Studios’ highest-grossing release, according to amusement reports. (It besides had astatine slightest 1 notable flop this year: Melania.)

Jassy besides named a fig of TV shows arsenic hits including Carrie, The Summer I Turned Pretty, The Boys, Off Campus, Fallout, and Reacher. Season 4 of Reacher drew 66 cardinal viewers globally successful its archetypal 28 days, the institution says, with much to come. Season 5 is filming present and the amusement was picked up for a sixth season. (And if you don’t travel Alan Ritchson, the prima of Reacher, connected Threads, you are missing retired connected an histrion who has turned a friendly-yet-witty reply into an creation form.)

Sports person besides been a important driver. Prime Video broadcasts NASCAR, the Masters, and UEFA Champions League soccer, but Thursday Night Football appears to beryllium its biggest occurrence this year. The archetypal six games of this play person averaged 17.7 cardinal viewers, up 16% from past year, according to Nielsen figures Amazon shared. The streaming work besides attracted implicit 2 cardinal viewers for its 2nd play of the NBA connected Prime, Nielsen said.