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Amazon is planning to invest $1 billion in movies for theatres: Report

Times of India LogoTimes of India1w ago

Amazon is planning to invest $1 billion in movies for theatres: Report - Times of India

Quick Summary:

As per the report, Amazon will release a smaller number of films in theatres in 2023 and will gradually increase its output.

The sources added that the online retail major is planning to make between 12 and 15 movies (that will get a theatrical release) every year which will put the company on par with major studios such as Paramount Pictures.

In January last year during the pandemic, the company launched Amazon Academy to help students preparing for the Joint Entrance Examination (JEE) for entrance to engineering colleges.


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Article Details

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 20:09:55 (1 weeks ago)

News Timezone: GMT +8:00

Ranking: #922 (out of 2319 stories this day)

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 1910158

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About Times of India

Times of India Logo

Main Topics: Technology

Official Website: timesofindia.indiatimes.com

Update Frequency: 32 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 29 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #83

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