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Wednesday, January 21, 2015

Amazon is getting into the movie business

Amazon wants a chunk of Hollywood's business, too.
After a string of successes in television—including multiple Golden Globe wins forTransparent—the e-commerce company wants to produce 12 movies per year. The movies will debut in theaters, but they'll also be available on Prime Instant Video in the United States only four to eight weeks after they're released in theaters, Amazon announced on Monday. That's at least 30 weeks faster than the average movie.
Amazon's movie division, which film producer Ted Hope will head, will get to work this year.
Hope cofounded the Good Machine production company, known for films such asCrouching Tiger, Hidden Dragon, which was sold to Universal Pictures in 2002.