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Amazon MGM Studios Commits $1B Annually to Theaters
16 Apr
Summary
- Amazon MGM Studios will spend $1 billion annually on theatrical films.
- The company plans to release at least 15 movies in theaters each year.
- Ryan Gosling thanked theater owners for the success of 'Project Hail Mary'.
Amazon MGM Studios has declared its firm dedication to theatrical movie releases, announcing a substantial annual investment of $1 billion. This commitment ensures the release of at least 15 films into cinemas every year, a strategy highlighted as a consistent priority.
The studio's head, Mike Hopkins, emphasized this ongoing commitment at CinemaCon, drawing a contrast with competitors who have shown less consistent theatrical engagement. He assured exhibitors that their plans are on schedule and not experimental.
