Jeff Blackburn is leaving Bessemer Venture Partners after five weeks on the job. Image Source: BVP.
Jeff Blackburn has decided to return to Amazon, the company he left in February, to serve as the SVP of its new Global Media & Entertainment division. He joins from Bessemer Venture Partners, where he had worked for just 5 weeks.
Starting June 7, his new role will place him in charge of Prime Video and Amazon Studios, Amazon Music, Wondery, Audible, and Twitch. In a memo seen by Variety, SVP of Prime Video and Amazon Studios Mike Hopkins said, “Jeff will not only be a great ally and supporter; he will help achieve synergies across our media and entertainment businesses.”
Blackburn is one of Amazon's longest-serving executives and was first introduced to the company when he was assigned to work on the Amazon IPO as a junior investment banker at Deutsche Bank. Most recently, he served as the tech and e-commerce giant’s VP of Worldwide Business Development and was one of the top contenders considered to replace Jeff Bezos, who is stepping down as CEO in Q3 2021.
AWS CEO Andy Jassy, who was selected to succeed Bezos, stated, "Jblack's interest in returning to Amazon presented us with a good opportunity to combine our entertainment businesses in a single org under a leader who knows them well.”
Amazon has been aggressively expanding its presence in Hollywood and the greater media industry over the last few years. In 2020, Amazon invested $11 billion to buy and create TV shows, movies, and music for Prime services, a 40% year-over-year increase.
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