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Why Amazon might be interested in buying movie theaters Amazon was reportedly mulling over a purchase of Landmark Theatres, a movie theater chain focused on indie and foreign films which operates over 50 theaters in 27 markets across the US.
The chain is currently owned by a group backed by billionaire Mark Cuban, although sale discussions are preliminary and may not materialize.
For background, Netflix earlier this year was reportedly interested in purchasing the Landmark Theatres chain but backed off the idea.
Neither company has commented, and Deadline reported that Amazon might be out of the running, but it's worth weighing the benefits a theater chain could provide the tech and commerce giant.
Business Insider Intelligence's Kevin Tran has the full story. | |
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| Kroger and Alibaba began a strategic grocery partnership on Wednesday that will see the US grocer sell its products in China through an online storefront on Alibaba's Tmall Global site, marking its first international expansion. Read More → | | | | |
| The new speaker will be powered by Samsung's Bixby voice assistant and compete with other smart speaker devices, namely the Amazon Echo, Apple HomePod, and the Google Home Max. Read More → | | | | |
| Chinese crypto conglomerate Bitmain is reportedly filing for an initial public offering (IPO) in which it hopes to raise $18 billion. Bitmain, which is the world's leading producer of crypto mining chips, or ASICs, has already closed $450 million in private funding. Read More → | | | | |
| Lyft Concierge, a web-based ride-dispatching platform, is being integrated into CDK's Dealer Management System to allow about 300 dealerships to dispatch Lyft rides for their customers when their cars are under repair. Read More → | | | | |
| Some YouTube video view counts may be deceptive: Users can easily buy bot-driven views for their YouTube videos from third-party sites, with views costing pennies each. Read More → | | | | |
| The major retailer recently turned on NFC functionality on its point-of-sale (POS) terminals, allowing for contactless payments made with both cards and mobile wallets. Read More → | | | | |
| The World Bank has partnered with the Commonwealth Bank of Australia (CBA) to issue a bond over a private blockchain that was built on top of the Ethereum network, and then checked by Microsoft for its architecture, security, and resilience. Read More → | | | | |
| Amazon is reportedly in talks with some of Europe's biggest insurance companies to launch its own UK price comparison website for insurance policies. Read More → | | | | |
| The chipset, dubbed Exynos Modem 5100, is compliant with the newly accepted industry standard for 5G, which was affirmed in June by 3GPP, the international wireless standards body. Read More → | | | | |
| The "88 VIP" membership program is a new tier within the 88 Membership Club, Alibaba's preexisting loyalty program that launched last year. Read More → | | | | |
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