In a separate development, Amazon is investing in Diamond Sports Group, a major sports rights holder in the U.S., as part of its strategy to diversify its content portfolio. Diamond Sports channels will be integrated into Amazon's Prime Video platform, allowing users to access the content for an additional subscription fee. This partnership is crucial for Diamond Sports as it navigates through Chapter 11 bankruptcy proceedings, with Amazon's involvement extending beyond a minority investment to a comprehensive commercial arrangement.
Key takeaways:
- Amazon Web Services (AWS) plans to invest 2.26 trillion yen ($15.24 billion) in Japan by 2027 to expand its cloud computing infrastructure, particularly for artificial technology (AI) services.
- The investment will be used to enhance facilities in Tokyo and Osaka, building upon the 1.51 trillion yen that AWS has already invested between 2011 and 2022.
- In a separate development, Amazon is investing in Diamond Sports Group, a major sports rights holder in the U.S., to diversify its content portfolio and enhance its live sports offerings on the Prime Video platform.
- The partnership with Diamond Sports Group is part of a broader restructuring agreement as the sports network navigates through Chapter 11 bankruptcy proceedings, with Amazon's involvement extending beyond a minority investment.