Amazon Plans to Invest Over $1 Billion a Year in Movies for Theaters

the staff of the Ridgewood blog

Philadelphia Pa, Amazon plans to spend more than $1 billion a year to produce movies that it will release in theaters. It aims to make between 12 to 15 movies every year for theatrical release. US movie ticket sales have dropped by more than 33% since 2019, a year before the pandemic closed theaters. Despite this, filmmakers, Hollywood veterans, and talent representatives are pushing for media companies to embrace the big screen.

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