The unit will faucet the corporate’s library of 4,000 movies and 17,000 TV episodes, together with originals produced by its Amazon Studios division, similar to Borat Subsequent Moviefilm and The Marvelous Mrs. Maisel, the corporate mentioned in a launch Monday. The originals might be provided on different retailers after their preliminary run on Prime Video.
After a variety of years of reserving their programming for their very own streaming providers, leisure giants like Warner Bros. Discovery Inc. have been licensing extra of their content material to 3rd events as a method of producing extra income.
Amazon’s transfer follows the corporate’s $8.5 billion acquisition final yr of the Metro-Goldwyn-Mayer Inc. movie studio, residence of James Bond and different franchises.
Amazon is committing as a lot as $1 billion for movies which might be launched in theaters, additional proof that new media firms are embracing conventional Hollywood distribution fashions.