How Amazon Web Services makes money: Estimated margins by service

Adam Selipsky, CEO, Tableau Software

Scott Mlyn | CNBC

Every year since at least 2014, more than half of Amazon’s operating profit has come from the online retailer’s cloud division, Amazon Web Services, which provides online services and tools that software developers can stitch together to run websites and applications.

It’s an impressive business in absolute dollar terms, not just percentages: AWS ended 2020 with $13 billion in operating income, which helped Amazon report total net income of $21 billion for the year. No wonder Amazon chose the head of AWS for 15 years, Andy Jassy, as its CEO when

Read more

The Academy of Country Music moves its awards show to Amazon, ditching network TV.

Daily Business Briefing

Aug. 20, 2021, 11:28 a.m. ET

Aug. 20, 2021, 11:28 a.m. ET

Alan Jackson at the 56th Academy of Country Music Awards in April. The academy’s leader said teaming up with Amazon would allow “fans to discover and stream music as they watch.”
Credit…Jason Kempin/Getty Images

Viewership for almost all of the entertainment industry’s big, televised awards ceremonies has plunged in recent years, threatening hundreds of millions of dollars in ad sales.

Many factors have contributed to the collapse of the genre — the pandemic turned some shows into glorified Zoom meetings

Read more

Amazon, Catamaran to end Prione Business Services JV from May 2022

Representational Image

Amazon, Catamaran to end Prione Business Services JV from May 2022&nbsp

New Delhi: E-commerce major Amazon and NR Narayana Murthy’s Catamaran on Monday said they have mutually decided to not continue their joint venture – Prione Business Services – beyond May 2022.

The announcement comes on a day when the Supreme Court refused to entertain the pleas of Amazon and rival Flipkart against the Competition Commission of India’s investigation into alleged violations of the competition laws.

Prione Business Services – the joint venture between Amazon and Catamaran – was formed in 2014 and is coming up for renewal on

Read more