With the recent purchase of MGM Studios, Amazon is planning to increase investment in the theater space, according to Amazon Studios chief Jennifer Salk, who recently broke with the company’s strategy with diverse. Amazon now owns the studio that brings you James Bond, and that’s completely separate from the studio side that spends $1 billion on Lord of the rings A TV show that may or may not make money. Bottom line: There’s a lot going on, and Salk here is focused on more than one ball, but the play will get bigger, not smaller.
It’s also possible that more Amazon movies will be heading to movie theaters. While Amazon is a hugely successful enterprise, and its streaming content has proven to be a huge revenue driver, if you’re going to get into the blockbuster movie market, you ultimately want to get that nice amount of cash at the box office (and think award winning) that the show brings. theatrical.
“We will see that we, as a company, invest more in cinema,” Salik Variety . said. “You’ll see more investment and more expanded opportunities for movies. You’ll see more fluidity between theatrical and streaming options for movies. Then there’s the TV team that’s still working on great programming that’s out of our company. We look forward to more collaborations over time.”
“With all the intellectual property and our growing strategy around the film, there will be more opportunities,” Salk added.
Depending on the IP address, could you see some of it come to the big screen? Well, it’s hard to imagine that James Bond wouldn’t do that. But Amazon’s deep pockets don’t mean the movies themselves won’t have to make a local profit.
“[Box office] It’s definitely important, Salk said. “Our goal is to produce some great films that will have value across the spectrum in theater and then in live. The goal is to make successful films. We all know this is not easy. As we build the bigger companies around us and all the things we do in ad-supported broadcasting. We’re only thinking about more options for customers. Nothing rings a bell louder than big, global originals. So you’ll see us investing more in the film side and the TV side.”
Excited to see what Amazon does with its studios and MGM brand in the future? Drop by in the comments below, or hit russburlingame on Twitter to talk about your favorite classic MGM flicks.
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