Amazon Studios to Produce Original Movies
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iStock Editorial/Thinkstock(NEW YORK) — Amazon Studios is branching out into movies. It announced Monday that it will begin to produce and acquire original films for theatrical release and early-window streaming on Amazon Prime Instant Video.
The movies will premiere on Amazon Prime Instant Video four to eight weeks after their debut in theaters.
Roy Price, the vice president of Amazon Studios, says the goal is to create close to 12 movies per year. Production will begin later this year.
Amazon Studios has developed a number of TV series in recent years, most notably Transparent, which won a couple of Golden Globe Awards earlier this month.
Amazon’s announcement on Monday comes just months after Netflix announced deals to premiere a Crouching Tiger, Hidden Dragon sequel and four new movies from Adam Sandler.
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