Amazon Studios to Produce Movies for Theatrical, Digital Release in 2015

20 Jan 2015 | Author: | No comments yet »

Amazon Original Movies: Ted Hope To Lead Theatrical, Streaming Productions.

SEATTLE (AP) — Amazon Studios is branching out from television series to movies, announcing plans to begin producing and acquiring original movies for theatrical release and, within weeks, video streaming. The company announced Monday it will produce or acquire a dozen movies a year that will be made available on Amazon Prime Instant Video within two months of their theater premieres.

Amazon announced on Monday plans to produce 12 feature films beginning in 2015, an ambitious pursuit that will further challenge the accepted windowing period for theatrical releases.Amazon is to build on the success of award-winning transgender show Transparent and signing Woody Allen to make a series by moving into film production. Just five years after its launch, Amazon Studios says it will begin producing motion pictures this year and aims to release a dozen original “prestige movies” annually. The move marks a major expansion of its Amazon Studios division, which last week picked up two Golden Globes including best TV series (music or comedy) for Transparent. The movies will be released first in movie theaters and then weeks later for streaming customers, following Hollywood’s traditional business of delaying releases into the home.

The move also extends the company’s push into creating original content, which started in 2010 with a number of TV series available to subscribers of its Prime delivery programme. Hope co-founded and ran Good Machine, a production company behind some Academy Award-nominated films, including “Crouching Tiger, Hidden Dragon,” and “Eat Drink Man Woman.” Amazon Original Movies will focus on unique stories, characters and voices from “top and up-and-coming creators,” according to the company. One of those shows, Transparent, scooped up two coveted Golden Globes awards this month, marking Amazon’s arrival as a serious force in entertainment. Both online firms have become stronger rivals to Hollywood studios and television networks, with their growth in subscribers and ability to fund dozens of new projects. Good Machine Productions was behind a slate of critically-acclaimed independent films, including Todd Haynes’ Safe, Edward Burns’ The Brothers McMullen, and Nicole Holofcener’s Lovely and Amazing.

Amazon and Netflix have been pushing to narrow the time between when a film comes out in cinemas and when it is available for rent or purchase online, which can take up to a year.

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