Amazon is making some major moves in the streaming space

Today on The Dr Boyce Watkins Black Stock Market report, I wanted to talk about some of what's going on with Russia, Amazon and why the stock market took a dive today.   The price of oil went up as the world worries about what will happen in the Ukraine.  Also, Amazon has a billion dollar Lord of the Rings franchise on the way that shows how serious they are about getting into the streaming business.  According to the Hollywood Reporter, #Amazon is making some big economic moves.   he Hollywood Reporter has confirmed that Amazon will spend roughly NZ$650 million — $465 million in U.S. dollars — for just the first season of the show.  That’s far above previous reported estimates that pegged the fantasy drama as costing an already record-breaking $500 million for multiple seasons of the show.  “What I can tell you is Amazon is going to spend about $650 million in season one alone,” Stuart Nash, New Zealand minister for economic development and tourism, told Morning Report. “This is fantastic, it really is … this will be the largest television series ever made.”