E-commerce giant Amazon ranks among the top companies in the world. Since 1984, Amazon has revolutionized how people shop, particularly online, with its wide variety of products to buy, including books, electronics, food, and apparel. A leading and highly capable technology company, Amazon ranks among the top in the world. Seattle, Washington, is the company’s headquarters. It was initially an online bookstore founded by Jeff Bezos in 1994. The company generated $87.4 billion in revenue in 2019. As of 2020, they have over 840,000 employees, making them one of the most sought-after businesses in the United States.
Amazon has grown since the dotcom bust. Over the next three years, Amazon will have approximately 40 subsidiary companies, including Audible, Twitch, Diapers.com, IMDb, Goodreads, Amazon Robotics, Shopbop, Teach Street, Zappos, and the list goes on and on. Amazon achieved its billions ranking in numerous ways through these subsidiaries.
Somehow, Amazon wants to expand into many fields or acquire numerous startups or has a vested interest in acquiring anything which can make its business go further. There are several subsidiaries that play an important role in early pioneering in their respective fields, including Twitch, IMDb, Whole Food Market, Audible, and a long list of others. Let’s examine the lucrative lines of business for What Companies does Amazon own.
What Companies does Amazon own?
The list of Amazon Subsidiaries are given down below:
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1) Whole Foods Market
Whole Foods is an American grocer that is proud of being one of only a few USDA-certified organic stores in the country. Initially, the company operated under the name Safer Way. Whole Foods had almost $10 billion in market capitalization when it was acquired by Amazon. On the 2017 Fortune 500 list, the company was ranked 176th. The company has since lowered prices on key food items and enhanced the whole-store experience for customers. It also happened to be Amazon’s first giant step into brick-and-mortar retailing because Whole Foods operates hundreds of stores. It is now easier for customers to place orders through Amazon Fresh, a free delivery service, and Whole Foods Market.
By late May 2021, Amazon had opened 13 Fresh stores. Despite this, Amazon has not been successful in its acquisition of Whole Foods. Whole Foods has had weak sales for Amazon. Revenues for its physical-store segment, largely in-person sales at Whole Foods, have fallen since its integration with the grocery chain last year, the company’s first full year following its purchase. The acquisition was completed in August 2017 for a price of 13.7 billion dollars.
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Apparel and footwear company Zappos has the largest online presence in the world. It grew rapidly since it was founded in 1999 and continued to be independent up until 2009 when Amazon bought it for 1.2 billion dollars. In 2010, a bestseller describing its management style, Delivering Happiness, was released by CEO Tony Hsieh.
In 2015, Forbes reported Zappos generated revenues that exceeded 2 billion dollars. Amazon does not provide revenue statistics on Zappos. Zappos is one of Amazon’s first big forays into a retail industry beyond books, so it stands out among its other acquisitions.
3) Kiva System or Amazon Robotics
At the time of its acquisition by Amazon for 775 million dollars in 2012, Kiva Systems, which is now known as Amazon Robotics, was one of Amazon’s significant as well as giant purchases. The company was acquired in 2010, and was an independent company when it was founded in 2003. Kiva Systems is different from other Amazon deals. While other acquisitions have been integrated into Amazon’s e-commerce platform, Kiva is not.
Whether Kiva will play a role in Amazon’s logistics operations is unclear, but the company’s expertise in automated storage and retrieval systems might be very valuable. This is evident when Amazon uses thousands of robots to handle delivery.
4) PillPack Inc.
The company started in 2013 and provides online pharmacies. With an eye toward expanding its online medicine market, Amazon acquired the company for 753 million dollars in 2018. Purchasing PillPack will help the company deliver prescribed medications across the country over the course of an overnight delivery service, as it leverages Amazon’s extensive delivery network.
In the same way that Amazon has retained the brand of Whole Foods and Zappos by acquiring them, it has also retained the brand of PillPack.
5) Twitch Interactive
Twitch Interactive launched the Twitch service in 2011 to allow users to livestream videos. The Twitch website had 55 million unique visitors just before Amazon acquired Twitch for 970 million dollars. The streaming business and video game businesses of Amazon use this platform. Video game enthusiasts are especially fond of it.
6) MGM Holdings Inc.
Production and distribution services are provided by this entertainment company. MGM stands for Metro-Goldwyn-Mayer. Metro Pictures Corporation was formed by the merger of three companies in 1924: Metro Pictures Corporation, Goldwyn Pictures, and Louis B. Mayer Productions. MGM was acquired by Amazon for 8.5 billion dollars in late May. Metropolitan Goldwyn Mayer ranks second on Amazon’s list of giant acquisitions after Whole Foods. Regulations still have to be cleared before the deal can be completed.
Its newly-elected chairman, who has been vocal in criticizing Amazon’s size, will oversee the acquisition review. In particular, acquiring MGM would enhance Amazon’s streaming service Prime Video and its catalog of intellectual property.
Amazon owns the famous online audiobook platform Audible. Audible offers a variety of audio content services, including streaming audiobooks. As the largest distributor of audiobooks in the United States, it is the largest manufacturer of audiobooks. This device could store files up to four megabytes in size, and was capable of storing two hours’ worth of audio.
The 300 million dollar acquisition of Audible by Amazon has proven to be a wise decision. According to the company, it generated 2.9 billion USD in revenue in 2019, a 22.7% increase. This makes Audible the most profitable Amazon company.
Amazon also has a subsidiary called GoodReads. The GoodReads social catalog lets you search books stored on the website, add bookmarks and reviews, and explore book recommendations. Users have the option to create their own book groups, blog discussions, and book recommendations.
After searching for books in GoodReads, users can buy them directly from Amazon Kindle. GoodReads was acquired by Amazon on March 28, 2013. There has been no disclosure of the price of GoodReads acquisition.
In addition to being available online, IMDb also belongs to Amazon, which has the world’s largest movie database. Detailed plot summaries, critic reviews, in-depth plot summaries, cast and crew information, cast biographies, technical specs, and trivia about movies are all available at IMDb. The IMDb database contains roughly 6.5 million entries and 10.4 million profiles as of January 2020 and has 83 million registered users.
The web version of IMDb was launched in 1993. Jeff Bezos bought IMDb outright for approximately $55 million in 1998 along with Needham and other shareholders. The company became part of Amazon shortly afterwards. Amazon holds a lot of valuable companies, including IMDb.
In what companies does amazon own next in list is Alexa, whose Stocks worth 250 million USD were acquired by Amazon for Alexa. There are currently over 30 million websites ranked by Alexa in terms of web traffic. In addition to providing traffic statistics and keywords, Alexa provides more insights about a website. According to Alexa’s website, more than 3 million people visit its website every month as of 2020.
This was Amazon’s former online shopping service Junglee in which users were able to browse products from a number of Indian retailers, both online and off. At its core, Junglee was a virtual data warehouse that extracted, processed, and delivered information to enterprise applications from the Internet. Eventually, Junglee began to make every item available to purchase from every supplier on the Internet using its database technology. The Internet shopping mall allows consumers to find, compare, and conduct transactions on millions of products at one time.
A comparison-shopping site called Junglee.com began operating in February 2012 as part of Amazon’s acquisition of Junglee, which was acquired in 1998. With it, you can search, browse, and discover thousands of products across thousands of online and offline sellers for products like clothes, appliances, gadgets, accessories, and game consoles. Thousands of items are browsed, prices are chosen, and then a seller is presented to the client. The former domain now redirects to Amazon India because Junglee.com was closed by Amazon in November 2017
12) Amazon Basic
In addition to being what does amazon own, Amazon Basics is a famous company. Private-label items from Amazon Basics include household items, work items, as well as accessories. This brand was introduced by Amazon in 2009. Based on 2019 sales information, Amazon Basics ranked as the top revenue-generating private company on Amazon.com. Amazon Basics offers a variety of merchandise, featuring batteries, home goods, and cables for charging devices, workout gear, electronics, hardware, and many more.
Publishers, musicians, and authors can publish their work using CreateSpace’s self-publishing platform and have it distributed on demand. The company operates within the content publishing and distribution industry. Amazon bought CustomFlix and Book Surge in 2005 and later combined them to form what becomes CreateSpace.
Search and advertising technology firm A9.com was acquired by Amazon in 2003. A number of company projects deal with searching for products, cloud computing, search engine visualization, marketing, and collaborative knowledge sharing.