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Amazon Insists “No Changes” Coming To Freevee Despite Reports Of Potential Shutdown
Amazon is pushing back against recent industry chatter and a new press report indicating that it is planning to shut down Freevee.
Adweek, citing three unidentified sources, reported earlier Wednesday that Amazon plans to address that confusion and inefficiency by shutting down Freevee in the coming weeks, ahead of the NewFronts. The tech giant has been cutting costs of late, including in its entertainment operations, implementing layoffs recently at Amazon Studios and also the gamer-centric streaming division Twitch. CFO Brian Olsavsky told Wall Street analysts that executives “feel good” about initial results from the move, calling it “an important part of the total business model” of Prime.
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