Ron Burgundy Posted January 19, 2015 Share Posted January 19, 2015 Amazon.com Inc is getting into the movie business, building on some early successes in TV productions, the latest sign of the Internet retailer's eagerness to build itself into a major Hollywood player. Amazon said on Monday it was aiming to produce close to 12 movies a year for theatrical release which would then be available on its Prime video service within two months, a huge drop from the roughly one-year wait it normally faces to stream Hollywood releases. Amazon expects to focus on "indie" movies with budgets of between $5 million and $25 million, spokeswoman Sally Fouts said. While that's modest compared with Hollywood blockbusters, it will add further to spending at Amazon, potentially unnerving investors concerned about the company's lack of profitability and skimpy disclosure of its spending. View the full article Quote Link to comment Share on other sites More sharing options...
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