American entrepreneur Jeff Bezos is the wonner and chief executive officer of Amazon.com and owner of 'The Washington Post.' His successful business ventures have made him one of the richest people in the world. Now we describe Jeff Bezos life story . Amazon founder biography .
About Jeff Bezos,
The woner of Amazon Jeff Bezos was born on January 12,1964, in Albuquerque, New Mexico. Bezos so interested and love of computers . He studied computer science and electrical engineering at Princeton University. He graduation he worked on Wall Street, and in 1990 he became the youngest senior vice president at the investment firm D.E. Shaw. Four years later, bezos quit his lucrative job to open Amazon.com, a virtual bookstore that became one of the internet's biggest success stories. In 2013, Bezos purchased The Washington Post in a $250 million deal. His successful business ventures have made him one of the richest people in the world. Now Jeff Bezos 2ndrichest people in the world .
Early Life and Career,
Jeff Bezos was born on January 12, 1964, in Albuquerque, New Mexico, to a teenage mother, Jacklyn Gise Jorgensen, and his biological father, Ted Jorgensen. While his career in finance was extremely lucrative, Bezos chose to make a risky move into the nascent world of e-commerce.
Launching Amazon.com
Bezos set up the office for his fledgling company in his garage where, along with a few employees, he began developing software. They expanded operations into a two-bedroom house, equipped with three Sun Microstations, and eventually developed a test site. After inviting 300 friends to beta test the site, Bezos opened Amazon.com, named after the meandering South American River, on July 16, 1995.
The initial success of the company was meteoric. With no press promotion, Amazon.com sold books across the United States and in 45 foreign countries within 30 days. In two months, sales reached $20,000 a week, growing faster than Bezos and his start-up team had envisioned.
Amazon.com went public in 1997, leading many market analysts to question whether the company could hold its own when traditional retailers launched their own e-commerce sites. Two years later, the start-up not only kept up, but also outpaced competitors, becoming an e-commerce leader.
Bezos continued to diversify Amazon’s offerings with the sale of CDs and videos in 1998, and later clothes, electronics, toys and more through major retail partnerships. While many dot.coms of the early '90s went bust, Amazon flourished with yearly sales that jumped from $510,000 in 1995 to over $17 billion in 2011.
In 2006, Amazon.com launched its video on demand service; initially known as Amazon Unbox on TiVo, it was eventually rebranded as Amazon Instant Video. In 2007, the company released the Kindle, a handheld digital book reader that allowed users to buy, download, read and store their book selections. That same year, Bezos announced his investment in Blue Origin, a Seattle-based aerospace company that develops technologies to offer space travel to paying customers.
Bezos entered Amazon into the tablet marketplace with the unveiling of the Kindle Fire in 2011. The following September, he announced the new Kindle Fire HD, the company's next generation tablet designed to give Apple's iPad a run for its money. "We haven't built the best tablet at a certain price. We have built the best tablet at any price," Bezos said, according to ABC News.
Scripts for television and film are submitted through online submissions to Amazon. They are reviewed and rated by other readers in a crowd-source fashion, and/or by Amazon staff. Scripts may be submitted with the option to allow other people to modify them. In addition there is a separate submission method for professional writers (Writers Guild of America members) with separate rules.
Amazon aims to review submitted scripts within 90 days. If a project is chosen for development, the writer receives $10,000.[4] If a developed script is selected for distribution as a full-budget movie, the creator gets $200,000; if it is selected for distribution as a full-budget series, the creator gets $55,000 as well as "up to 5 percent of Amazon’s net receipts from toy and t-shirt licensing, and other royalties and bonuses.
In 2008, Amazon expanded into film production, producing the film The Stolen Child with 20th Century Fox.[7] In July 2015, Amazon announced it had acquired Spike Lee's new film, Chi-Raq, as its first Amazon Original Movie.
Amazon Studios had received more than 10,000 feature screenplay submissions as of September 2012,[2] and 2,700 television pilots as of March 2013. 23 films and 26 television series were in active development as of March 2013. In late 2016, it reorganised its film division into Prime Movies.
On July 2, 2017 it was announced that, starting with the December 2017 release Wonder Wheel, Amazon Studios would be its own self-distributing compan.