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Amazon goes all out for cinemas

2022-11-24T18:26:27.425Z


DECRYPTION – The e-commerce giant will invest more than 1 billion dollars a year in productions for theaters.


Amazon has become one of the heavyweights in video streaming.

This does not prevent him from coveting a chair in the front row of dark rooms.

According to the Bloomberg agency, the e-commerce giant plans to spend more than 1 billion dollars a year to produce films for cinemas.

It would be the largest investment made by a technology company in feature films intended for the big screen.

At cruising speed, Amazon plans to produce between 12 and 15 films per year.

Either a “line-up” comparable to that of studios like Paramount or Universal Pictures.

The start of this project, in 2023, will be based on a smaller number of films, which will grow over time.

The giant has a major asset.

The mythical Hollywood studio Metro-Goldwyn-Mayer (MGM), which he acquired last year against a check for 8.5 billion dollars and which gives him access to a rich catalog of nearly a century of history cinematographic: 4000 films…

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Source: lefigaro

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