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Update: Market Chatter: Amazon Surpasses $1.8 Billion Ad-Spending Commitment Goal for Video Streaming Services
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Update: Market Chatter: Amazon Surpasses $1.8 Billion Ad-Spending Commitment Goal for Video Streaming Services
Oct 3, 2024 12:23 AM

03:45 AM EDT, 09/30/2024 (MT Newswires) -- (Updates with Amazon's ( AMZN ) response in the third paragraph.)

Amazon.com ( AMZN ) has surpassed its target of securing $1.8 billion in ad-spending commitments on its video-streaming services for next year, The Information reported Thursday, citing a person familiar with the matter.

The figure covers ads on Prime Video and the company's live sports telecasts such as the National Football League's Thursday games, according to the report.

An Amazon ( AMZN ) spokesperson said the company declined to comment on the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 187.67, Change: -0.30, Percent Change: -0.16

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