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Amazon Music Unlimited subscriptions double; analyst sees $20B in AMZN ad rev.

Published 04/03/2018, 11:35 AM
© Reuters.  Amazon Music Unlimited subscriptions double; analyst sees $20B in AMZN ad rev.
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  • Amazon (NASDAQ:AMZN) tells The Verge that Amazon Music Unlimited subscriptions doubled in the last six months. But the company doesn’t provide a specific number.
  • Music Unlimited launched at this time last year. The service offers monthly plans that cost from $3.99 to $14.99 depending on the number of users/devices.
  • Ads to $20B: Cenkos Securities analyst Alex DeGroote thinks Amazon’s ad business could be worth $20B by 2020.
  • The analyst estimates that North America’s ad market represents about 40% of the global market or $200B currently. He estimates that Amazon has about $63B of the total or a 1.5% market share now.
  • DeGroote estimates growth that would put Amazon’s at $8B of the North American market and $20B globally within two years.
  • Amazon shares are up 0.9%.
  • Previously: Amazon -1% on Trump tweet suggesting post office collusion (April 3)
  • Now read: Amazon Doing What It Does Best - Slingshot Insights' Joe McCann's Idea Of The Month


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