Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Amazon com : issues rare apology in India after complaints that series hurt Hindu beliefs

03/02/2021 | 08:42pm EDT
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves

NEW DELHI (Reuters) - Amazon.com Inc's Prime Video streaming service on Tuesday issued a rare apology to its Indian viewers for some scenes in its original political drama series "Tandav", which allegedly offended Hindu religious beliefs.

"Tandav", a Hindi word meaning "fury", stars top Bollywood actors. In several states it has faced police complaints and court cases alleging the show had depicted Hindu gods and goddesses in a derogatory manner, and offended religious beliefs. Lawmakers from India's ruling nationalist Bharatiya Janata Party have also criticised it.

In a statement titled "Amazon Prime Video Apologizes", the company on Tuesday said it deeply regrets viewers considered certain scenes to be objectionable.

Amazon apologizes "unconditionally to anyone who felt hurt," it said, adding that it will continue to develop content while respecting the diversity of audiences' culture and beliefs.

The "Tandav" controversy escalated last week when police in the northern state of Uttar Pradesh questioned one of Amazon's top executives for hours in one case filed against the show.

Asked about the company apology, a senior state police official, speaking on condition of anonymity, said authorities would continue investigating the matter.

Shows on streaming platforms such as Netflix Inc and Amazon Prime have often faced complaints in India for obscenity or offending beliefs, but the latest controversy involving the Amazon show "Tandav" is among the highest-profile cases.

An Indian media and entertainment industry executive said Amazon's apology was unprecedented and showed that big U.S. conglomerates can capitulate to political or cultural demands. The executive spoke on condition of anonymity.

In January 2020, Amazon founder Jeff Bezos attended a Prime Video event in Mumbai with Bollywood stars and announced it would double down on its investments. He said Prime Video was doing well globally "but nowhere it's doing better than India".

India is a critical growth market for Amazon, where it has committed investments of $6.5 billion, with interests in e-commerce, video streaming, cloud computing and other areas.

Amazon is currently also facing calls for a ban after Reuters last month reported the U.S. firm had for years given preferential treatment to a small group of sellers on its India website and used them to circumvent the country's strict foreign investment regulations.

(Reporting by Sankalp Phartiyal, Aditya Kalra and Saurabh Sharma; editing by Jonathan Oatis)


© Reuters 2021
All news about AMAZON.COM, INC.
10:35aAMAZON COM  : CEO Jeff Bezos Calls For Better Vision For Employees
MT
09:38aAMAZON COM  : commits $250 million for India's small businesses as traders quest..
RE
08:38aAMAZON COM  : After union fight, Jeff Bezos to focus on Amazon workers
AQ
08:37aJEFF BEZOS : Jeff Bezos Says Amazon Needs 'Better Vision' for Employees, Defends..
DJ
07:42aAMAZON COM INC  : Regulation FD Disclosure, Financial Statements and Exhibits (f..
AQ
06:13aAmazon, Continental Work on Automotive Software Platform
DJ
04/14AMAZON COM  : AWS Announces General Availability of AQUA for Amazon Redshift
BU
04/14AMAZON COM  : One shot means healing, hope, and protection for this Amazon emplo..
PU
04/14AMAZON COM  : Unveils Redesigned Echo Buds
MT
04/14AMAZON COM  : Angry Indian traders counter Amazon summit with own event
RE
More news
Financials (USD)
Sales 2021 473 B - -
Net income 2021 25 109 M - -
Net cash 2021 66 658 M - -
P/E ratio 2021 69,2x
Yield 2021 -
Capitalization 1 678 B 1 678 B -
EV / Sales 2021 3,41x
EV / Sales 2022 2,82x
Nbr of Employees 1 298 000
Free-Float 81,9%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 54
Average target price 4 034,17 $
Last Close Price 3 333,00 $
Spread / Highest target 56,0%
Spread / Average Target 21,0%
Spread / Lowest Target 11,0%
EPS Revisions
Managers and Directors
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.4.39%1 678 381
JD.COM, INC.-11.13%121 223
WAYFAIR INC.43.16%33 527
ETSY, INC.22.57%27 488
ALLEGRO.EU SA-30.05%15 936
MONOTARO CO., LTD.10.59%13 235