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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Amazon planning standalone app for sports content – The Information

    Published by Wanda Rich

    Posted on December 28, 2022

    Featured image for article about Top Stories

    (Reuters) -Amazon.com Inc is working on a standalone app for watching sports content, the Information reported on Wednesday, citing a source with direct knowledge of the plan.

    Sports remains one of the biggest attractions for live viewing as U.S. audiences increasingly switch from pay TV subscriptions to streaming apps.

    The move will likely complement Amazon’s effort to double down on sports programming through its Prime Video service, a key channel to attract consumers to its shopping platform.

    Amazon already owns the rights to stream games including National Football League’s Thursday Night Football franchise and Premier League soccer matches in the UK, setting it up to better compete with sports streaming leader Walt Disney Co.

    Last week, Alphabet Inc unit YouTube also signed a multi-year deal to exclusively stream NFL’s Sunday Ticket package of games in the United States.

    It was not clear when Amazon would roll out the sports app and whether it would go through with the plan, according to the report.

    Amazon did not immediately respond to a Reuters request for comment.

    The company has been reviewing unprofitable business units and has laid off some staff to cover rising costs and a demand downturn as inflation-wary consumers and businesses spend less.

    (Reporting by Yuvraj Malik in Bengaluru; Editing by Arun Koyyur and Devika Syamnath)

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