Amazon’s entertainment leader Jeff Blackburn is leaving the company: WSJ


Amazon.com Inc. Chief Executive Jeff Blackburn is leaving the company that played a key role in pushing the e-commerce giant into entertainment, the Wall Street Journal reported Friday, citing a memo CEO Andy Jassey sent to employees. obtained. Leaving Blackburn, who returned to Amazon after a sabbatical 18 months ago, will mean a restructuring and management change, the memo said. “Over the last year and a half, he has helped us succeed in media and entertainment,” Jassi said. Amazon Senior Vice President Mike Hopkins will serve as the day-to-day head of Amazon Prime and its television and film studios, reporting directly to Jassi. Amazon shares fell about 1% on Friday, down 43% year to date, while the S&P 500 fell 15%.

– Ciara Lynnana

 

(End) Dow Jones Newswires

12-02-22 1357 ET

Copyright (c) 2022 Dow Jones & Company, Inc.



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