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Amazon is stepping up to fill a gap in Hollywood's movie slate
AMZNAmazon(AMZN) CNBC·2025-05-01 16:00

Cast of the Amazon MGM Studios CinemaCon 2025 seen at the Amazon MGM Studios CinemaCon 2025 presentation at The Colosseum at Caesars Palace on April 02, 2025 in Las Vegas, Nevada.Tech is saving Hollywood — though not in the way you might think.Back in 2022, e-commerce giant and relative upstart movie studio Amazon promised to spend around $1 billion each year on theatrical releases, a figure that would fund between 12 and 15 films annually. Today, it appears ready to deliver.Earlier this month, the company, ...