Amazon.com’s (AMZN) Prime Video Set to Invest 90 ​Million Euros in French Film and TV Production, Reuters Says

Amazon.com (NASDAQ:AMZN) is one of the top “blue chip” stocks that were suddenly on fire in April. Reuters reported on May 7 that, according to the French telecoms regulator, Amazon.com’s (NASDAQ:AMZN) Prime Video is set to invest at least 90 ​million euros ($105.95 million) in European video ‌and movie production in the French language this year. It added that ARCOM, the ​regulator, said in a statement that the investment requirement would increase to 110 ⁠million euros if the ​streaming service releases at least one ​film fewer than 12 months after it premiered in theatres. In 2021, the amount had been set at 40 million euros per year, and the amounts for the coming ​years would ​depend ⁠on Prime Video’s sales revenues.

Amazon.com, Inc. (AMZN) Is "An Overall Piece," Says Jim Cramer

In a separate development, Raymond James lifted the price target on Amazon.com, Inc. (NASDAQ:AMZN) to $280 from $225 on May 1 and maintained an Outperform rating on the shares. The firm told investors in a research note that although AWS delivered slightly softer-than-expected 28% growth, major AI partnerships and expanding agentic capabilities across models, tools, and compute considerably bolster its long-term position. This lifts RPO expectations and reinforces AWS as a key platform for enterprise and consumer AI commercialization.

Amazon.com, Inc. (NASDAQ:AMZN) provides its customers with a range of products and services. It offers advanced tools for AR and VR developers through its Amazon Web Services (AWS) platform.

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