Amazon

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Amazon's mission is to be Earth's most customer-centric company. Its actions, goals, projects, programs, and inventions begin and end with the customer top of mind.

Andy Jassy
President & CEO
Andy Jassy
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David H. Clark
CEO, Worldwide Consumer
Adam N. Selipsky
CEO, Amazon Web Services
Brian T. Olsavsky
SVP, Chief Financial Officer
David A. Zapolsky
SVP, General Counsel & Secretary
David Limp
SVP, Devices & Services
Jay Carney
SVP, Worldwide Corporate Affairs
Beth Galetti
SVP, People eXperience & Technology
Jeff Blackburn
SVP, Global Media & Entertainment
Peter DeSantis
SVP, Utility Computing
William Gordon
Strategic Advisor
Paul Kotas
SVP, Worldwide Advertising, Music & IMDb
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Other announcement

Amazon and MGM have signed an agreement for Amazon to acquire MGM

Amazon and MGM have signed an agreement for Amazon to acquire MGM

Amazon (NASDAQ: AMZN) and MGM today announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works. Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling. “MGM has a vast catalog with more than 4,000 films—12 Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poltergeist, Raging Bull, Robocop, Rocky, Silence of the Lambs, Stargate, Thelma & Louise, Tomb Raider, The Magnificent Seven, The Pink Panther, The Thomas Crown Affair, and many other icons—as well as 17,000 TV shows—including Fargo, The Handmaid’s Tale, and Vikings—that have collectively won more than 180 Academy Awards and 100 Emmys,” said Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios. “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling.” “It has been an honor to have been a part of the incredible transformation of Metro Goldwyn Mayer. To get here took immensely talented people with a true belief in one vision. On behalf of the Board, I would like to thank the MGM team who have helped us arrive at this historic day,” said Kevin Ulrich, Chairman of the Board of Directors of MGM. “I am very proud that MGM’s Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM’s storied history with Amazon is an inspiring combination.” Completion of this transaction is subject to regulatory approvals and other customary closing conditions. About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews. About MGM MGM is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content. For more information, visit www. MGM.com. Cautionary Statement Regarding Amazon Forward-Looking Statements Amazon’s statements related to the proposed acquisition of MGM contain forward-looking statements, including statements regarding expected benefits of the acquisition. Actual results could differ materially from those projected or forecast in the forward-looking statements. Factors that could cause actual results to differ materially include the following: the conditions to the completion of the transaction may not be satisfied, or the regulatory approvals required for the transaction may not be obtained on the terms expected, on the anticipated schedule, or at all; closing of the transaction may not occur or may be delayed, either as a result of litigation related to the transaction or otherwise; Amazon may be unable to achieve the anticipated benefits of the transaction; revenues following the transaction may be lower than expected; the duration and scope of the COVID-19 pandemic, including any recurrence, may affect the results of operations; operating costs, customer loss, and business disruption (including, without limitation, difficulties in maintaining relationships with employees, partners, and commercial counterparties) may be greater than expected; Amazon may assume unexpected risks and liabilities; completing the transaction may distract Amazon’s management from other important matters; and the other factors discussed in “Risk Factors” in Amazon’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and in Amazon’s other filings with the SEC, which are available at http://www.sec.gov. Amazon assumes no obligation to update the information in this press release, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

Team announcement

AWS appoints Salesforce exec Adam Selipsky as CEO

AWS appoints Salesforce exec Adam Selipsky as CEO

Amazon Web Services (AWS) has appointed Salesforce executive Adam Selipsky as its new CEO. Selipsky will replace Andy Jassy, who himself is replacing Jeff Bezos as the CEO of AWS' parent company Amazon. The appointment will see Selipsky return to AWS after leaving in 2016 to become the CEO of Tableau. He previously spent 11 years at the AWS as vice president of sales, marketing and support, but his return as CEO has still come as a surprise to some in the industry who expected the role to go to a current AWS executive. "Whilst on first glance, hiring Selipsky to replace Jassy is a surprising call given that many expected this to be an inside job," said. Nick McQuire, chief of research and enterprise at CSS Insight. "In reality, few AWS execs have the raw CEO experience of running a hyper-growth technology business," he added. "Selipsky fits this bill of course but the fact that he has extensive experience of the AWS 'secret sauce' culture as well, makes him an obvious bet." Selipsky's tenure at Tableau saw the company's value quadruple as he lead its move from perpetual licenses to subscriptions. In 2019 the firm was acquired by Salesforce, where Selipsky became a member of its executive leadership board while continuing as Tableau's CEO. "Adam brings strong judgment, customer obsession, team building, demand generation, and CEO experience to an already very strong AWS leadership team," Jassy wrote in a statement. "And, having been in such a senior role at AWS for 11 years, he knows our culture and business well. "With a $51 billion revenue run rate that's growing 28% YoY, it's easy to forget that AWS is still in the very early stages of what's possible. Less than 5% of the global IT spend is in the cloud at this point. That's going to substantially change in the coming years. We have a lot more to invent for customers, and we have a very strong leadership team and group of builders to go make it happen. Am excited for what lies ahead." Selipsky is set to start his new role as AWS CEO on 17 May.

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