Amazon: An Unlikely Battleground, An Underrated Opportunity – TheStreet

Publish date:Nov 16, 2021Amazon Games has flown under the radar, but even Microsoft seems to think that Bezos’ empire will become a key competitor in the game industry. Here is why investors should care.After several months of delay, Amazon Games has finally launched New World, its brand-new RPG game. Many of Amazon’s other gaming projects were cancelled before they ever saw the light of day, including a Lord of the Rings themed game.Given the disappointments, why should games matter to Amazon stock  (AMZN) – Get Amazon.com, Inc. Report investors? The answer lies not in past failures, but in the potential for future successes. The pandemic has made games larger than the movie industry and North America sports combined. Armed with the right tools (e.g. cash to invest, cloud infrastructure and a platform like Twitch), Amazon can become a key player in the space — and many might not even be aware of the opportunity yet.Figure 1: Amazon Games photo collage.MUO(Read more from the Amazon Maven: Buy Amazon Stock, But Look Past Q4)Why Amazon is such an important playerThe game industry is expected to grow to $314 billion in 2026 from $173 billion in 2020, for a CAGR of nearly 10%. The secret…
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