"Amazon CEO Demands Explanation for Hollywood Studio's Lavish Expenditures"
Amazon CEO Andy Jassy is reviewing the spending of the company's Hollywood studio on original TV programming, as part of a cost-cutting program. With a mixed track record and ballooning costs, Jassy has asked for detailed budget analyses of major shows. Amazon spent $7 billion on original shows, licensed programs, and sports last year, and has released several expensive series that failed to attract large audiences. The studio's spending is being scrutinized as Amazon aims to find savings and eliminate unnecessary projects.