Amazon's eating the media, too - Axios

Check the full post for additional highlights

"Here's sector by sector breakdown of where Amazon is moving into the media business. A few highlights:

• Amazon is reportedly working on not one, but two social media networks: Spark, a shopping social network, will rival Pinterest's social commerce network and Anytime, a standalone messaging app, which could rival WeChat, Facebook and Snapchat.
• Advertising revenue is skyrocketing: Amazon made nearly $1.4 billion in advertising revenue last year — more than Snapchat, Yelp or Pandora. Per eMarketer, it's slated to grow its ad business by another 30% this year to $1.8 billion. On its Q2 earnings call, Amazon CFO Brian Olsavsky said there's an accelerated growth in hiring for Amazon's ad sales and web services teams.
• Amazon is becoming content king: It poured $4.5 billion into content this year, including $12 million on Sundance to beat out studios for Oscar-winning and Emmy-nominated content."

Amazon's eating the media, too - Axios