Amazon Studios is reportedly cutting down on indie movies in favour of big-budget titles and a mainstream audience (AMZN) [The Business Insider]
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Source: The Business Insider
Amazon Studios is reportedly cutting down on indie movies in favour of big-budget titles and a mainstream audience Amazon, which has made waves in recent years buying art-house movies at the Sundance Film Festival, is heading to the prestigious event this week with a long-term change in the works: It plans to shift resources from independent films to more commercial projects, people familiar with the matter told Reuters. The move reflects a new phase in the online retailer’s entertainment strategy. Initially, Amazon worked on high-brow movies that would win awards, put it on the map in Hollywood and help it attract top talent. Now, Amazon wants programming aimed at a far wider audience as it pursues its central business goal: persuading more people to join its video streaming service and shopping club Prime. The change in the movie strategy parallels a similar shift in Amazon Studios’ TV operation, which is also moving to bigger-budget fare. Amazon expects to go after films with budg
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