Amazon Steps Into Movies
Putting its toe into the movie business, Amazon.com Inc. announced Tuesday the formation of Amazon Studios, an online business program that will award filmmakers a collective $2.7 million each year and help them develop their movies for major Hollywood studios like Warner Bros.
Under the new Amazon Studios program, Amazon will invite filmmakers to submit feature films and scripts to the site. Then visitors to the site can review projects and even upload their own revisions of them. By exposing the projects to many eyes, Amazon hopes to test out the commercial viability of any single idea before spending significant development money on it.