Monday December 4, 2023

Jeff Bezos Sets Amazon Departure Date

Amazon/Design: Alex Brooks
Linkedin
Copy Link
Link Copied
Link Copied

The founder and CEO of Amazon said in February that he would step down before the end of 2021, and his departure date was finally announced Wednesday.

Jeff Bezos will give his title to Andy Jassy on July 5, exactly 27 years after Amazon was incorporated. 

Bezos, with a net worth of $188.2 billion, is usually the world’s richest person. (Bernard Arnault, majority owner of LVMH, briefly took the spot this week.) Amazon and Bezos’ personal investment in sports has picked up in recent months.

  • March: Secured rights to 21 Yankees games this season and an 11-year package to exclusively stream NFL’s “Thursday Night Football” for around $1 billion each year.
  • April: Bezos participated in an $80 million Series C funding round for Overtime, which has a basketball league that will pay 16-18-year-olds over $100,000 per year.
  • May: Secured exclusive streaming rights to 16 WNBA games per season in addition to the Commissioner’s Cup.

On the same day as the Bezos announcement, Amazon revealed its purchase of MGM Studios for $8.45 billion, a mere fraction of the company’s $386 billion in 2020 revenue.

Bezos will remain on the Amazon board and may invest further in sports in the near future. He’s reportedly interested in buying an NFL team, with the Washington Football Team listed as a frontrunner. He has enough money to buy every team in the league.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

TV Networks Are Programming College Football’s Future: What’s Next

Conference championship weekends will have a different feel in the future.

Commanders Spend Big On Current Home While Planning New Stadium

The Washington Commanders will keep upgrading FedEx Field.
LeBron-James

Would Disney's ESPN Walk Away From The NBA?

Will financial pressures impact the company's decision with a longtime partner?

Pittsburgh Seeks the Spoils of NFL Draft Traveling Road Show

NFL team looks to host key league event on Pittsburgh's North Shore.
podcast thumbnail mobile
Front Office Sports Today

CFP Selection Turns Heads with Controversial Selection

0:00
0:00

Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Wasserman
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers
Professional-Fighters-League
November 30, 2023

PFL, ESPN Agree on New Multiyear Broadcast Rights Deal

ESPN+ PPV will be the home of the PFL’s new Super Fight Division.
Detailed view of the new In-Season Tournament court before the game between the New Orleans Pelicans and the Dallas Mavericks at the Smoothie King Center.
November 30, 2023

New Orleans Pelicans Reportedly Headed For Local Television

The Pelicans could air games on over-the-air channel Fox 8.
Sponsored

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
November 29, 2023

NASCAR Secures $7.7B Media Rights Deals

Amazon and Warner Bros. Discovery come on as new partners.
disney wbd
November 29, 2023

Disney, WBD Chiefs Lament New Sports Media Challenges

Zaslav, Iger point to heightened complexity of their sports media operations.
Philadelphia Eagles quarterback Jalen Hurts tosses the ball to fans after scoring a touchdown against the Buffalo Bills during the first quarter at Lincoln Financial Field.
November 29, 2023

The Philadelphia Eagles Continue To Be NFL’s Biggest Draw

Philadelphia was once again in one of the NFL's most-watched games.
Michigan Wolverines running back Blake Corum rushes in the second half against the Ohio State Buckeyes at Michigan Stadium.
November 29, 2023

Ohio State-Michigan Thriller Produces Record Viewership For Fox

It was the most-watched regular-season CFB game in Fox’s history.