Amazon Studios To Focus On Big Budget Movies

Amazon Studios To Focus On Big Budget Movies

In the case of The Big Sick, this strategy helped launch the film into being a bonafide box office hit. FilmNation and Endeavor Content sold USA rights to the film by the This Is Us series creator to Amazon for $10 million in late December, the first major deal Ropell made since taking over as head of WW production at Amazon.

In the process, Amazon Studios has become one of the most dependable new media studios in the indie film circuit. And for anyone who has been a fan of the remarkable arthouse films that Amazon has supported in the past few years (Manchester By the Sea, The Salesman, Chi-Raq, The Lost City of Z, Love & Friendship, Last Flag Flying, and The Neon Demon), this is a huge bummer.

In what will come as a relief to sellers arriving here at Sundance, Amazon Studios' Worldwide Film Head Jason Ropell is debunking a Reuters report this morning that the company is essentially bailing on the indie film space.

However, now it seems the company is looking to broaden its appeal by investing in more commercial blockbusters.

The move reflects a new phase in the online retailer's entertainment strategy. According to sources, the company will increase its spending on new films, dedicating as much as $50 million to more commercial projects.

Amazon Studios so far has focused on bringing a little culture to the world of exclusive video streaming.

"Back in 2014, this site ran an in-depth piece about how the current Hollywood paradigm of "$200 million franchise play" or "$2 million indie movie" had led to a dearth of mid-budget movies for adults, and had left the filmmakers responsible for movies like that (people like Spike Lee, Jim Jarmsuch, and Terry Gilliam) out in the cold. The firm reportedly spent $90 million on Bright, starring Will Smith. "Our roots are in independent/prestige film and we intend to continue in that space using it as a springboard to expansion and scale".

Related Articles

  • Mo'Nique Claims Color, Gender Bias in Netflix Dispute

    Mo'Nique Claims Color, Gender Bias in Netflix Dispute

    Last year, she lashed out at Oprah Winfrey, Tyler Perry and Lee Daniels for not paying her fairly. She immediately followed-up: "When you look at my resume, I am the most decorated alive".
    Zimbabwean president fires 11 allies of Mugabe

    Zimbabwean president fires 11 allies of Mugabe

    Brexit is a "good thing" for Zimbabwe because then Britain will "need" it, the country's president said . The ruling ZANU-PF party has nominated him as its presidential candidate in the polls.
    Ed Sheeran Is Engaged to Cherry Seaborn!

    Ed Sheeran Is Engaged to Cherry Seaborn!

    The post has since received over 700,000 likes since publication, with ecstatic fans sending best wishes to the couple. Sheeran said last fall how Seaborn inspired his song "Perfect", which is Number One on the Billboard Hot 100 charts.
  • Two bombs found in Bodhgaya despite tight security for Dalai Lama

    Two bombs found in Bodhgaya despite tight security for Dalai Lama

    Following a small explosion-like sound, two bombs were found the Bodh Gaya pilgrimage centre in Bihar on Friday night. Two cane bombs of 10 kg each were found at gate number 4 of Bodh Gaya temple late last evening (Jan. 19).

    EOG Resources, Inc. (EOG) Swings under Technical Examination- OGE Energy Corp. (OGE)

    Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt accumulated 190,700 shares. Narrowing in a bit closer, the 5 month price index is 1.13085, the 3 month is 1.05778, and the 1 month is now 0.97819.

    Active Runner of Thursday - Johnson Controls International plc (JCI)

    Investors generally keep an extensive variety of technical indicators at their disposal for completing technical stock analysis. Financial Architects Inc boosted its position in shares of Johnson Controls International PLC by 84.4% in the second quarter.
  • 17 feared dead in Delhi's Bawana industrial area

    17 feared dead in Delhi's Bawana industrial area

    The officials of the fire department said they have prevented the fire from spreading it to neighbouring buildings in the area. The Delhi government has reportedly ordered an investigation into the blaze.
    Trump's New Religious Freedom Division Is a License to Discriminate

    Trump's New Religious Freedom Division Is a License to Discriminate

    Camilla Taylor, the organization's acting legal director, said Lambda Legal is prepared to continue to bring such challenges. How frequently health care providers will file complaints on religious or moral grounds remains to be seen.

    KAMES CAPITAL plc Buys 75283 Shares of Corning Incorporated (GLW)

    Barclays set a $38.00 target price on shares of Corning and gave the stock a "buy" rating in a report on Wednesday, January 10th. Philip Hempleman decreased its stake in Bioscrip Inc (BIOS) by 91.89% based on its latest 2017Q3 regulatory filing with the SEC.
  • Henrikh Mkhitaryan not to be involved for Man Utd at Burnley

    Henrikh Mkhitaryan not to be involved for Man Utd at Burnley

    "They should be focussed on other positions". If we do it now, we do it for the summer. It's going to happen in the future.

    Royal Caribbean Cruises (RCL) PT Raised to $149.00 at SunTrust Banks

    Chevy Chase Tru Holding Inc holds 0.08% or 150,219 shares. (NYSE:AFG) has risen 40.27% since January 19, 2017 and is uptrending. Equities research analysts expect that Royal Caribbean Cruises will post $7.26 earnings per share for the current fiscal year.
    Rapper Fredo Santana found dead at 27

    Rapper Fredo Santana found dead at 27

    Last year September, he publicly ridiculed fellow rapper Russ speaking out against the rampant drug use in hip hop. Fredo posted a photo of himself in the hospital in October previous year after suffering kidney and liver failure.