Amazon net sales up 51%; investing in digital
During Amazon’s quarter two earnings call, the company reported the strongest growth it has seen in ten years, in addition to digital offerings growth.
In this past quarter, Amazon’s net sales increased 51 percent to $9.91 billion compared year-over-year with $6.57 billion in Q2 of 2010.
In the earnings call, chief financial officer Tom Szkutak supported the increase by saying, “The growth rate you see in Q2 really stems from investments we’ve made over a … Continue Reading
Ivi delivers what we've all been waiting for — live TV on the internet
Ivi is announcing today it will offer a PC-based live TV service on the web.
The Seattle-based company is launching a downloadable PC application that takes a live feed from TV channels and distributes that stream, uninterrupted and without delays, to viewers worldwide 24 hours a day. Ivi is offering a 30-day free trial for the service to watch major broadcast channels including ABC, NBC, CBS, Fox, The CW, PBS and other local affiliates.
The … Continue Reading
CBS buys music recommendation service Last.fm for $280M
Updated
CBS has bought music recommendation website Last.fm for $280 million, the extremely popular London-based company that lets users search for and listen to music based on their past preferences and recommendations of other users.
Last.fm says it has around 20 million active users each month, four million of which are in the US. The purchase comes at a time when services such as Last.fm are growing extremely quickly. Other private competitors showing growth are … Continue Reading
