Amazon will focus on 'bigger' movies to lure people to Prime


Having made its name buying smaller, niche independent projects to build its TV and movie division into a multi-award-winning studio, Amazon plans ramp things up a little moving forward, Reuters reports. According to sources, the company will increase its spending on new films, dedicating as much as $50 million to more commercial projects. Amazon will reportedly reduce the number of art-house movies it buys, which it typically acquires at events like the Sundance Film Festival for figures in the low millions, in its bid to lure more people to Prime and onto its expanding streaming service.

Amazon Studios' shift to movies with a broader appeal mirrors its plans for its TV business, which is also spending big in order to secure big-budget projects. In November 2017, the company confirmed it had acquired the rights to a Lord of the Rings TV series, which may have cost as much as $250 million. Netflix is also spending more on original movies: Will Smith fantasy Bright reportedly cost $90 million.

In order to fund more commercial content, Amazon is likely to scale back but not completely abandon smaller projects. On the TV side, the company recently announced that it had canceled three original comedies: One Mississippi, I Love Dick and Jean-Claude Van Johnson.

All three series were picked up by former Amazon Studios head Roy Price, who recently left the studio following reports of sexual harassment. One Mississippi was also executive produced by Louis CK, who had his second stand up special canceled following similar allegations.

It isn't clear whether Amazon is attempting to distance itself from a disgraced former employee or whether it'll use the money it saves on those projects to bankroll its more popular series. As news hit that the three comedies were on the chopping block, the studio also announced that one of its newer series, The Tick, had been greenlit for a second season.

Source: Reuters

via Engadget RSS Feed "http://ift.tt/2DNp4UA"

Comments

Post a Comment

Popular posts from this blog

Evernote cuts staff as user growth stalls

Image
Note-taking app Evernote has fallen on hard times of late, culminating in its latest spate of job cuts impacting 15 percent of its workforce (54 employees). CEO Chris O' Neil -- an ex-Googler who took the reins in 2015 -- announced the firings at an all-hands meeting earlier today, reports TechCrunch . In a message on the Evernote blog , O' Neill admitted he'd set "incredibly aggressive goals" for the company in 2018. He continued: "Going forward, we are streamlining certain functions, like sales, so we can continue to speed up and scale others, like product development and engineering." The layoffs follow an exec exodus just weeks ago and the company's recent brand refresh (complete with a refined logo and wordmark). But critics are more concerned about its product, especially the free tier, which they claim lacks the perks to...
Read more

The best air conditioner

Image
By Liam McCabe This post was done in partnership with Wirecutter . When readers choose to buy Wirecutter's independently chosen editorial picks, it may earn affiliate commissions that support its work. Read the full article here . After six summers of researching, testing, and recommending window air conditioners, we've learned that quiet and affordable ACs make most people the happiest—and we think the LG LW8016ER will fit the bill in most rooms. This 8,000 Btu unit cools as efficiently and effectively as any model with an equal Btu rating, and runs at a lower volume and deeper pitch than others at this price. Little extra features like a fresh-air vent, two-axis fan blades, and a removable drain plug help set it apart, too. The LG LW8016ER is a top choice for an office or den, and some people will find it quiet enough for a bedroom, too. If our main pic...
Read more

We won't see a 'universal' vape oil cartridge anytime soon

Image
Pre-loaded cartridges of cannabis concentrate are currently among the most popular means of consumption, and for good reason. They're discreet to use and easy to handle, a far cry from the dark days of 2016 when we had to dribble hash oil or load wax into narrow-mouthed vape pens by hand. But, frustratingly, an ever increasing number of oil cartridge manufacturers employ one-off design standards so that their products won't work with those of their competitors, thereby locking customers into proprietary ecosystems. We've already seen this with nicotine vaporizers -- which has a seen a massive rise in "pod systems" in the last few years, each outfitted with a unique canister and battery built to be incompatible with those of their competition. Is it too late for the burgeoning cannabis industry to set a universal standard for their product designs? ...
Read more