Amazon could potentially tag-team with the world’s biggest wrestling brand to gain an advantage in the streaming wars, one analyst predicts.
World Wrestling Entertainment's streaming rights could be attractive to companies like Amazon that are looking for video content, Needham said.
"We believe that such a licensing deal would put AMZN in the best spot to purchase all of WWE," Needham analyst Laura Martin wrote.could potentially tag-team with the world's biggest wrestling brand to gain an advantage in the streaming wars, according to a Needham.World Wrestling Entertainment "We believe that such a licensing deal would put AMZN in the best spot to purchase all of WWE, whenever the family is ready to exit," Martin said. "Vince McMahon is currently 74 years old, going on 50."
"WWE's live programming is highly differentiated and its Raw, Smackdown and NXT brands are worth more than being any one of 500 series that have no builtin audience or brand," Martin said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jeff Bezos raked in $3.5 billion in 4 days by selling Amazon stockThe online-shopping giant's founder and CEO sold more than 1.7 million shares, or about 3% of his total holdings.
Read more »
Amazon CEO Jeff Bezos shades White House adviser in Instagram post - Business InsiderJeff Bezos uses Instagram to take an apparent swipe at a senior Trump official who accused him of ducking an important meeting
Read more »
Jeff Bezos has now sold nearly $3.5 billion in Amazon stock over the past weekJeff Bezos has sold nearly $3.5 billion in Amazon.com Inc. stock in the past week, according to new financial filings.
Read more »
Amazon logistics boss Dave Clark runs marketing prime drone robotics - Business InsiderAn Amazon exec who was a Kentucky warehouse manager is now one of Jeff Bezos' most powerful generals, overseeing marketing, logistics, Prime and drones. Meet 'the sniper' and his 15-member team.
Read more »
Amazon Prime Air partner lays off nearly 3,000 workers - Business InsiderTexas-based Pinnacle Logistics plans to lay off thousands of workers in Rockford, Illinois and Baltimore, Maryland.
Read more »
Fitness Fanatics, These 20 Amazon Products Are Editor-ApprovedYou can buy almost anything on Amazon, and that includes some top-notch fitness products. From healthy snacks to home workout gear and even self-care items,
Read more »