Amazon.com’s (AMZN) film and TV production unit, Amazon Studios, said Monday it plans to shoot all of its full original series, including comedies and dramas, next year in 4K Ultra HD. 4K is the latest and most advanced form of high-definition video, utilizing displays with an aspect ratio of at least 16:9 and capable of showing video at a resolution of 3,840 x 2,160 pixels, or 8.3 million pixels. This is four times the number of pixels as
Amazon.com (AMZN) stock rose Monday after the e-commerce leader received a pair of positive analyst reports. ISI Group analyst Greg Melich upgraded Amazon stock to strong buy from buy and set a price target of 430. In morning trading, Amazon was up 1.3%, near 389, in the stock market today. Amazon stock, which touched an all-time high of 399 on Dec. 2, is up 55% in 2014, with an IBD Relative Strength Rating of 90. Melich cited growth in Amazon’s
Nearly two weeks after Amazon CEO Jeff Bezos unveiled his audacious plan for a fleet of flying delivery robots, people are still chuckling about how crazy the idea is. Critics of the e-commerce giant’s Amazon Prime Air program say it just isn’t feasible. Getting government approvals to operate the helicopter-like drones is perhaps the biggest hurdle. Aside from safety issues for humans, pets and birds, the program would have a tough time justifying its cost, pundits say. Comedians were quick to say that the Amazon (AMZN) drones could bring about the robot apocalypse once the machines become smart enough to think for themselves, as IBD reported last week . Daily deals website Groupon (GRPN) poked fun at Amazon’s venture by announcing that it would use catapults to deliver items. Groupon posted a video of its mock plans on YouTube. “The technology, it’s proven, it’s tested. We’re talking about principles of package …