wraggster
February 16th, 2021, 23:07
Amazon's video game division has been struggling to get off the ground (https://www.gamesindustry.biz/articles/2019-06-21-amazons-struggle-is-a-reminder-that-content-is-still-king-opinion), and a report from Bloomberg indicates just how much has been spent trying to make it happen.
Two sources familiar with Amazon's budget told Bloomberg (https://www.bloomberg.com/news/features/2021-01-29/amazon-game-studios-struggles-to-find-a-hit) that the tech giant is spending "nearly $500 million a year" operating the video game division.
This number does not include Twitch, the streaming service that Amazon bought in 2014 (https://www.gamesindustry.biz/articles/2014-08-25-amazon-in-talks-to-buy-twitch-report), nor its cloud streaming service Amazon Luna (https://www.gamesindustry.biz/articles/2020-09-24-amazon-announces-new-cloud-gaming-service-luna).
Amazon has brought in a number of video game veterans since first setting up its development operation, including Portal designer Kim Swift and Far Cry 2 director Clint Hocking, neither of whom are still with the company.
Amazon is reportedly spending nearly $500 million a year on its video game division | GamesIndustry.biz (https://www.gamesindustry.biz/articles/2021-01-29-amazon-is-reportedly-spending-nearly-usd500-million-a-year-on-its-video-game-division)
Two sources familiar with Amazon's budget told Bloomberg (https://www.bloomberg.com/news/features/2021-01-29/amazon-game-studios-struggles-to-find-a-hit) that the tech giant is spending "nearly $500 million a year" operating the video game division.
This number does not include Twitch, the streaming service that Amazon bought in 2014 (https://www.gamesindustry.biz/articles/2014-08-25-amazon-in-talks-to-buy-twitch-report), nor its cloud streaming service Amazon Luna (https://www.gamesindustry.biz/articles/2020-09-24-amazon-announces-new-cloud-gaming-service-luna).
Amazon has brought in a number of video game veterans since first setting up its development operation, including Portal designer Kim Swift and Far Cry 2 director Clint Hocking, neither of whom are still with the company.
Amazon is reportedly spending nearly $500 million a year on its video game division | GamesIndustry.biz (https://www.gamesindustry.biz/articles/2021-01-29-amazon-is-reportedly-spending-nearly-usd500-million-a-year-on-its-video-game-division)