Amazon Alum’s Exit From TV Firm Shows Pitfalls for Tech Execs in Media [The Information]

Amazon Alum’s Exit From TV Firm Shows Pitfalls for Tech Execs in Media [The Information]

Shark Week is a longstanding Discovery Channel franchise.

 

By Jessica Toonkel

July 13, 2020 |One of the biggest contingents of Amazon alumni—around 100—has defected to TV firm Discovery, owner of the Discovery Channel, HGTV and Animal Planet, following a former Amazon Marketplace executive, Peter Faricy. He was hired in 2018 to build a big streaming video group and help Discovery “pivot to become a next-generation media company,” as Discovery CEO David Zaslav said at the time.

But Discovery’s hopes of acquiring a bit of Amazon’s magic are now in question. Discovery said abruptly in mid-June that Faricy would leave, even though one of his biggest projects—a mass-market streaming service internally called Discovery Plus—hasn’t yet launched.

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