Amazon gets into the movie business

first_imgAmazon is getting into the movie business. The retailer has created a new online business, Amazon Studios, with the goal of producing theatrical releases based on projects submitted online. Amazon Studios hopes to give as yet undiscovered filmmakers and screenwriters an opportunity to have one of their projects made into a theatrical feature film thanks to a first-look partnership with Warner Bros. Pictures.To encourage participation, Amazon will award a total of $2.7 million to top submissions. 2011 Annual Awards will include $100,000 for best script and $1 million to the best movie. Monthly awards will include $100,000 for best movie and $20,000 each for the two best scripts with the first monthly awards being announced near the end of February 2011. To be eligible for the annual awards, projects must be submitted before the end of the year. Monthly awards will begin with projects submitted by the end of January 2011.To participate, screenwriters and filmmakers can upload their projects to the Amazon Studios website. Uploaded movies must be full length (at least 70 minutes), but as Amazon puts it they don’t have to be theatrical-quality. Submitted projects will have an opportunity to be reviewed by film fans who will have the ability to upload alternate or revised versions of a project. For inspiration, Amazon Studios put together five test movie samples which can be accessed through the site’s Getting Started page.If a filmmaker or screenwriter is lucky enough to have their movie made into a Amazon Studios theatrical feature film they will receive a rights payment of $200,000 in addition to any annual or monthly award. If the movies goes on to make over $60 million they will receive a $400,000 bonus. If Warner Bros. Pictures does not decide to develop a project Amazon Studios does have the right to make a movie based on the project with another studio.Read more at Amazonlast_img read more