Financial Insights That Matter
Amazon announced Wednesday its free streaming service IMDb TV will be renamed Amazon Freevee.
The new name will take effect on April 27, the company said in a news release.
The retailer said the streaming service will also expand its original programming by 70% in 2022, with spinoffs of shows such as “Bosh: Legacy” and other series. It will also add more original movies.
Amazon.com Inc. said the ad-supported service has tripled its monthly active users in the past two years and is expected to launch in Germany later this year.
Trusted news and daily delights, right in your inbox
See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories.
“We’re looking forward to building on this momentum with an increasing slate of inventive and broadly appealing Originals, and are excited to establish Freevee as the premier AVOD (advertising-based video on demand) service with content audiences crave,” Jennifer Salke, head of Amazon Studios, said in the news release.
Wednesday’s announcement comes as the retail giant embraces a path to boost its streaming services. Last month, the company closed an $8.5 billion deal to acquire Hollywood studio MGM, making it Amazon’s second-largest acquisition following its $13.7 billion deal with Whole Foods in 2017. That acquisition was targeted to make the company better compete against Netflix and Disney+.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.