Amazon Selects Sony Television Executive to Take Over Prime, Studios

Sony's (NYSE: SNE) chairman of television entertainment Mike Hopkins will be leaving his post near the end of this month to take over entertainment operations for Amazon.com (NASDAQ: AMZN). His new role will put him in charge of Amazon Studios as well as Prime Video.

The advent of Disney+ from Walt Disney (NYSE: DIS) and a planned, ad-supported streaming service from Comcast (NASDAQ: CMCSA) unit NBCUniversal is quickly making the on-demand video arena a crowded and competitive market. That, in turn, is creating competition for talent, as a combination of quality and quantity of programming and movies will ultimately dictate the industry's winners and losers.

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Source Fool.com