Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
KPMG Australia Chairman and Senior Partners Exit Amid Escalating Whistleblower Scandal 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Nissan Halts Electric Qashqai Development Amid EV Market Challenges 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign 
Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence 
Amazon Inc. is reportedly working on the creation of a standalone app that will offer sports content to customers. This plan was first revealed on Wednesday through a report citing sources with direct knowledge of the scheme.
Amazon wants to establish an app for sports content, as games and athletics have always been one of the favorites for live viewing. Sports always attract a big audience, and the app is coming just in time when an increasing number of people are switching from TV subscriptions to streaming.
As per Reuters, the addition of the standalone sports app will also complement the American e-commerce retail and tech giant’s efforts to double down on sports programming through its Amazon Prime Video service. This may also help in luring more customers to shop on Amazon’s shopping platform.
Previously, the company’s chief executive officer, Andy Jassy, already said they have big goals for their streaming business, so the sports app may just be the start to accomplishing their ambitions. The Information was the first to report about the plan after being informed by people who were told about the ongoing discussions related to the sports content app.
But then again, it was clarified that, at this point, it is still not clear if Amazon will actually proceed with its plan to build the app. If it pushes through, this will be another way for the company to make money by taking advantage of sports content’s popularity.
Meanwhile, Amazon already acquired rights to stream some leading games, such as the National Football League's Thursday Night Football and the UK’s Premier League soccer games. The availability of these on Amazon Prime Video made it a direct competitor of Walt Disney Co., which is considered the leader in sports streaming today.
Lastly, YouTube will also become its rival as it recently signed a multi-year deal for the exclusive streaming of the NFL's Sunday Ticket package of games in the United States.
Photo by: Thibault Penin/Unsplash
