Amazon.com, Inc. (NASDAQ:AMZN) Buys Next Woody Allen Film For $15 Million

Amazon.com, Inc. (NASDAQ:AMZN) is in the film and series streaming race, so the company is on a spending spree to provide great content to its users. Amazon Studios has already done deals with a number of directors that will have their movies on the service, and has spent millions more on series. The latest film to join Amazon is from Woody Allen. The film does not have a title at the moment but the deal is worth $15 million, according to The Hollywood Reporter.

No one knows if the film will be a huge success when it makes its debut but the new deal shows that Amazon has not stopped spending on content. Original content has become an important part of streaming services, including Amazon Prime.

Past Deals

Amazon’s rivals have also been spending to get the rights to new films and series. But Amazon plans to keep up with new content. Last year, Amazon spent millions to bring the former Top Gear hosts for a new car show. The show does not have a title but the three have begun filming the series. The deal brought the three hosts to Amazon for a new car series. It will debut later this year and the deal is for three seasons of 12 episodes each. Top Gear is also coming back with a new team, so there will be plenty of car shows to watch in the next few months.

Amazon Studios, which made its debut in 2010, has been on a spending spree these last few weeks. It acquired North American rights to the untitled movie with Jesse Eisenberg, Blake Lively, Steve Carell and Kristen Stewart. The deal, which is worth $15 million upfront, shocked the film industry.


Series

Distributors and experts say the new deal is not crazy after what we have seen in the past. Amazon, which is already working with Allen on a series, spent a lot of money for the film but we will probably keep seeing these deals from them and other streaming services as the original shows and movies have brought them many awards and subscribers.

The film and series do not have a title or release date, but one thing is for sure, Amazon will keep providing original content to its users.

What do you think about the deal? Have you watched series or films from Amazon Studios? Let us know in the comments.




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