- Amazon Studios (NASDAQ:AMZN) announces it will produce up to 12 original movies a year.
- Film veteran Ted Hope will lead the creative development efforts from the studio.
- The movies will be available on Prime Instant Video only 30 to 60 days after releasing in theaters.
- Amazon is likely to keep its crowdsourced movie script competition part of the equation
- Netflix (NASDAQ:NFLX) and Amazon have won critical acclaim for their original content.
- What to watch: A move toward shorter theatrical windows in the industry hurts exhibitors (CKEC, AMC, CNK, RLD, IMAX, RDI, MCS).
- Previously: Upstarts land major trophies at Golden Globes (Jan. 12)