Amazon (AMZN) Schedules Electric Dreams Premiere On Jan 12
Zacks Investment Research | Nov 21, 2017 10:38PM ET
Amazon.com Inc.’s (NASDAQ:AMZN) film production division, Amazon Studios, has scheduled the premiere of its new anthology series, Electric Dreams, on Jan 12. Amazon Studios has a host of original series queued up for release this year and in 2018.
Prime members can watch the entire first season of the series via the Amazon Video app on TVs and connected devices like mobile, Fire TV, and online at Amazon.com/originals, at no additional cost to their membership.
However, Amazon has underperformed the industry it belongs to on a year-to-date basis. The company’s shares have gained only 52% compared with the industry’s growth of 60.8%.
Details of the Series
Philip K. Dick's Electric Dreams is a science fiction anthology series that talks about the importance and significance of humanity.
The series comprises 10 standalone episodes based on Philip K. Dick's work, written by British and American writers. The series is produced by Sony Pictures Television with Ronald D. Moore, Michael Dinner, and Bryan Cranston as executive producers.
The series will be available for Prime members in the United States as well as in select territories like Germany, India, Italy, Japan, Latin America, Spain and Turkey, among others.
Our Take
Amazon’s increasing original program series offerings are expected to help it diversify online content and make a mark for itself.
We believe that these initiatives will be incrementally beneficial to the company, helping it in adding Prime subscribers and retaining older ones in the United States as well as in the international market, going forward.
Moreover, these will help the company to withstand stiff competition from other service providers such as Netflix (NASDAQ:NFLX), Inc., HBO, Hulu and Comcast (NASDAQ:CMCSA).
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