When Amazon Inc announced on Monday its move into the movie business, the Internet retailer sent a ripple through Hollywood’s pool of independent film.
It’s a pool where the major studios don’t swim much any more and where projects get stuck for years for lack of financing. But from its waters also spring many acclaimed films, best picture Oscar nominees like “Selma” and “Whiplash” and quite a few commercial successes.
With plans to produce 12 films per year with budgets ranging from $5 million to $25 million, for theatrical release and streaming on Amazon Prime video 4-8 weeks later, a digital company is creating a new art-house studio and getting films into consumers’ hands and living rooms faster.
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