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Amazon Studios to supply Movies for Theatrical, Digital unleash in 2015

E-commerce company faucets indie-film producer Ted Hope to run original movies cluster

Amazon Studios same it'll turn out and acquire original movies for theatrical unleash and early-window distribution on Amazon Prime Instant Video beginning in 2015.

Producer Ted Hope can lead Amazon Original Movies artistic development. A vocal advocate for dynamic  the manner freelance films area unit made and distributed, he co-founded and ran production company smart Machine, that made “Eat Drink Man Woman” and “Crouching Tiger, Hidden Dragon.” Earlier this month, Hope stepped down as chief executive officer of Fandor, a streaming-video website specializing in indie and international titles.

According to Amazon, it expects to supply regarding twelve movies p.a., indie-style comes with budgets starting from $5 million to $25 million per title. Amazon same its original movies can premiere on Prime Instant Video within the U.S. simply four to eight weeks when their theatrical debut — versus up to a year for normal windowing.

The move by Amazon comes when Netflix conjointly has launched a bid to enter into the moving-picture show sector, asserting plans to debut the sequel to “Crouching Tiger, Hidden Dragon” day-and-date in August 2015 through a accord with Weinstein Co. and IMAX and inking a four-movie upset Adam Sandler.

“We forestall to increasing our production efforts into feature films,” Amazon Studios VP Roy value same in an exceedingly statement. “Not solely can we tend to bring Prime Instant Video customers exciting, unique, and exclusive films before long when a movie’s theatrical run, however we tend to hope this program will profit filmmakers, United Nations agency too typically struggle to mount recent associated daring stories that merit an audience.”

Source : http://variety.com/

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