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UPDATED with content spend stats from annual report: Giant Amazon said its total expenses for video and music came to $16.6 billion last year, up from $13 billion in 2021. Video and music expense includes licensing and production costs associated with content offered within Amazon Prime memberships, and costs associated with digital subscriptions and sold or rented content, according to the company’s latest annual report that followed fourth quarter financials yesterday. On an earnings call Thursday, CFO Brian Olsavsky noted that Amazon spent $7 billion on originals, live sports and licensed content in 2022, up from $5 billion the year before. It’s unclear if those figures include all worldwide video content, which is increasingly central to Amazon’s strategy in driving membership for Prime, the biggest loyalty program in the world and the beating heart of the company. Amazon (which acquired MGM last year for $8.5 billion in cash) carefully evaluates its return on … [Read more...] about Amazon Praises Video As Key Driver Of Prime; 2022 Content Spend, Including Music, Hit $16.6 Billion

TMZ.com E-40 was doing it “too big” like his Mount Westmore anthem at his alma mater Grambling State University on Friday … donating a massive $100K check to the HBCU’s music department for invaluable upgrades for generations of students to come. The legendary rapper was flanked by his wife, GSU President Rick Gallot and Dr. Nikole Roebuck … Grambling’s Music Department Chair and Director of Bands and graciously addressed the crowd during his coronation. TMZ.com The GSU Tigers flipped the script and surprised E-40 with the unveiling of The Earl “E-40” Stevens Sound Recording studio … a commemorative installation to inspire students’ music hustle just like the Bay Area OG!!! 40 attended GSU all the way back in 1986 which paved the road he walked to become a hip hop icon — and told onlookers it was an honor to stand at the university for the full-circle moment. He explained growing up in his impoverished Vallejo, CA neighborhood led … [Read more...] about E-40 Donates $100K to Grambling State, Honored With ‘Earl Stevens’ Studio

Gallery Launch Gallery Getty It's Grammy weekend once again in Los Angeles, and some of the industry's biggest stars aren't wasting any time in celebrating music's biggest honor. Tons of parties popped up across the city Thursday ... events dedicated to the rookies of the biz and even some dedicated to the veterans. Gallery Launch Gallery Getty For starters -- there was the Warner Music Party at The Hollywood Athletic Club -- which brought out Anderson .Paak , Nile Rodgers , Missy Elliott , Wiz Khalifa , Saweetie and Bebe Rexha ... just to name a few. BACKGRID Some of the biggest names turned out at the Black Music Collective Party at The Hollywood Palladium. While there was plenty of celebrating, Lil Wayne was honored with the Global Impact Award at the event. Drake presented him with the awards, cracking jokes about The Grammys in the process. BACKGRID Lil Kim , DJ … [Read more...] about Grammy Weekend Kicks Off in Los Angeles with Celeb-Packed Parties