Tom Szkutak

Amazon Prime membership climbs 53%

Worldwide paid membership of Amazon’s Prime subscription service grew 53% last year – 50% in the US and faster outside the US – according to the e-retail giant.  Speaking on Amazon’s fourth quarter earnings call, chief financial officer and senior vice president, Tom Szkutak, said that Prime membership was growing on a “sizeable base” of “tens of […]

Amazon renews content investment pledge

Amazon will continue investing in original content for its Prime Instant Video service after billing roughly US$100 million on originals in the third quarter, according to chief financial officer Tom Szkutak.  Speaking on Amazon’s Q3 earnings call, Szkutak said that video was a key driver to convince customers on free Amazon Prime trials to sign […]

Amazon plans Prime price hike

Amazon said that it is considering upping the price of its Prime subscription service in the US by between US$20 (€14.80) and US$40 per year, to respond to increased costs and usage. Speaking on the firm’s fourth quarter earnings call at the end of last week, Amazon’s chief financial officer, Tom Szkutak, said that it […]