Tag Archives: amzn

Disney’s ‘Bad Dinosaur’: ESPN Loses 7 Mil Subscribers

Walt Disney (DIS) disclosed late Wednesday that ESPN has lost 7 million customers in two years as cord-cutting ramps up and people switch to streaming services such as Netflix (NFLX), Amazon (AMZN) and Hulu. ESPN had 92 million subscribers as of Oct. 3, according to a Walt Disney SEC filing. That’s down from 95 million a year earlier and 99 million in 2013. Most other Disney cable channels lost ground, including ABC Family, Disney Channel and

2 Alibaba-Backed Unicorns Ride In Different Directions

Two Alibaba (BABA)-backed Internet startups valued above $1 billion, Amazon (AMZN) rival Jet.com and chat app Tango, both had notable developments Tuesday. But as one gives thanks, the other has had its wings clipped. Jet Gets $350 Million In Funding Jet.com announced a $350 million funding infusion, led by Fidelity Investments. That values the e-commerce startup at $1 billion. The company expects another $150 million soon. Jet didn’t name other

Amazon: Cloud Will Make Internet of Things Better

Amazon.com (AMZN) aims to parlay its cloud computing dominance into a big stake in the Internet of Things. The e-commerce giant in October launched “AWS IoT,” a new cloud computing service in its Amazon Web Services division. The new Amazon IoT service enables customers build cloud-based apps for Web-connected devices. While Amazon’s cloud computing service excels at raw number-crunching, the new IoT service does more than process data. It