Amazon said today its revenue rose 9% to $149 billion for the fourth quarter, beating forecasts, on a big drop in net income. The commerce and cloud giant gave a big shout-out to its entertainment business from The Lord Of The Rings: The Rings Of Power to Thursday Night Football. Key web services division AWS
MGM
The motion picture industry remains in a state of rehabilitation. Just look at the majors’ domestic box office alone. Back in 2019, four studios grossed over a billion apiece, with Disney-Fox reaping $4.28 billion alone. This year, only three studios grossed $1 billion or more. And while we do get down to the nitty gritty,
It’s been a busy week at Amazon as the restructure involving MGM takes hold. Deadline revealed earlier today that Lindsay Sloane and Rola Bauer were handed key roles within MGM’s new scripted TV structure. The company is also known for producing a swathe of unscripted series including The Voice, Survivor and Shark Tank as well
Exhibition stocks were up today on news from Bloomberg that Amazon is going to commit a reported $1 billion to theatrical releases annually. We hear that such a plan is truly in its early days — read Amazon doesn’t have an executive yet to lead MGM theatrical. Capisce? Since Amazon bought MGM, it has been
EXCLUSIVE: Two months into their run as Warner Bros Pictures Group Co-Chairs and CEOs, Michael De Luca and Pamela Abdy, have hammered out a multi-year deal to handle the international distribution of MGM’s theatrical titles, commencing with Luca Guadagnino’s Bones and All in November and continuing with the 2023 slate and beyond; the second title under
Iconic Events Releasing is kicking off Pride Month on June 2 with a nationwide rerelease of MGM’s Oscar-winning movie The Adventures of Priscilla, Queen of the Desert. Released in 1994, the Stephan Elliott directed and written title starred Terence Stamp, Hugo Weaving, and Guy Pearce as a trio of performers who take their drag show