Michael B. Jordan, Jonathan Majors in Creed III (Metro-Goldwyn-Mayer photo)
Amazon Ups Q1 Subscription Services Revenue 15%, Online Sales Flat
April 27, 2023
Amazon April 27 reported first-quarter (ended March 31) subscription services revenue of $9.65 billion, which was up more than 15% from revenue of $8.4 billion during the previous-year period.
The business segment includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
Online sales ended flat at $51 billion, compared with sales of $51.13 billion during the previous-year period. The segment includes media products available in both a physical (DVD, Blu-ray Disc movies) and digital format, such as books, videos, games, music and software. These product sales also include digital products sold on a transactional basis.
In the quarter, Amazon Studios set box-office records with MGM’s premiere of Creed III, directed by and starring Michael B. Jordan. The movie grossed $100.4 million globally in its opening weekend — the best U.S. debut for any sports film in history. It also had the biggest global box office gross of any of the “Creed” titles, at more than $250 million, and is still opening in territories around the world.
In addition, filmmaker Sarah Polley won the Academy Award for Best Adapted Screenplay for MGM’s Women Talking.
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Prime Video premiered Amazon Original limited series “Daisy Jones & The Six,” based on the New York Times best-selling novel, which debuted at No. 1 on Prime Video globally. Within 24 hours of release, the show’s soundtrack was the No. 1 selling vinyl on Amazon, and the novel the series is based on also reached No. 1 on the Amazon Best Sellers List for all books.
The company debuted additional Amazon Original films and series, including the action comedy Shotgun Wedding, starring Jennifer Lopez and Josh Duhamel; the romantic comedy Somebody I Used to Know, directed by Dave Franco; the comedic thriller The Consultant, starring Christoph Waltz; and the series “Swarm,” from co-creator and executive producer Donald Glover.