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Amazon Will Produce Its Own Movies for Theatrical Release

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The small screen’s about to get a whole lot bigger: Amazon Studios announced Monday that it will begin acquiring and producing movies for theatrical release, to be followed by streaming on Prime Instant Video four to eight weeks after their debut in cinemas. The company aims to create 12 films per year, with production beginning later in 2015, according to the Hollywood Reporter.

Amazon Studios vice president Roy Price said he hopes these movies benefit not only their subscribers, but also filmmakers, “who too often struggle to mount fresh and daring stories that deserve an audience.”

The announcement comes just one week after Amazon Studios was awarded two Golden Globes for its original (and arguably fresh and daring) series Transparent. The company also recently announced a new TV series to be directed by Woody Allen.

[The Hollywood Reporter]

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