'The pendulum is definitely swinging back': Why Amazon plans to spend $1 billion to make movies for theatrical release

‘The pendulum is definitely swinging back’: Why Amazon plans to spend $1 billion to make movies for theatrical release

Amazon (AMZN) is betting big on the theater experience. The tech giant plans to invest $1 billion to produce 12-15 movies a year exclusively for theaters, according to a new report from Bloomberg. That spending would be roughly equivalent to that of major movie studios like Paramount Pictures (PARA), Bloomberg noted. The report pushed shares …

‘The pendulum is definitely swinging back’: Why Amazon plans to spend $1 billion to make movies for theatrical release Read More »