HomeEnglishBusinessAmazon MGM Studios set to fill a gap in Hollywood's movie slate

Amazon MGM Studios set to fill a gap in Hollywood’s movie slate

Artists of Amazon MGM Studio Cinema 2025 saw on April 02, 2025 in the Amazon MGM Studio Cinema 2025 presentation in Colosium at Las Vegas, Kaiser Palace in Nevada.

Stewart Cook | Getty Image Entertainment | Getty images

Tech is saving Hollywood – although not in the way you can think.

Back in 2022, e-commerce giants and relative upstart movie studio Heroic Promised to spend around $ 1 billion every year on dramatic releaseA figure that will fund between 12 and 15 films annually. Today, it appears to be ready to distribute.

Earlier this month, the company, which operates the streaming platform Prime Video and recently acquired MGM Studio, took the platform on the cinema in Las Vegas to avoid the line-up of films made for the big screen only.

Amazon’s inaugural presentation at the annual conference of Cinema United-first known as the National Association of Theater Owners-exhibitions, disaster and media and “project Hell Mary,” in appearance with trailers, “After” and “Hunt”, “and” Verity “.

It raised Ryan Gosling, Andrew Garfield, Julia Roberts, Chris Pratt, Chris Hemsworth, Hug Jackman and Michael B. Jordan’s choice also brought some star power.

“I felt the presentation was incredible,” said Brock Bagbi at B&B theater, Chairman and Chief Material, Programming and Development Officer. “For his first year, he took out all the stops.”

While the studio will not have a complete slate of more than a dozen films by 2026, but in the last few years it has invested continuously in dramatic materials. Amazon had a detailed release, a film played in over 2,000 theaters, in 2023 and five in 2024. This year Amazon has only four wide releases on the calendar so far, but the company Slated for 14 in 2026 And 16 in 2027.

This bounce of dramatic materials is the only one that needs a domestic box office. While blockbuster franchise films have been abundant in view of epidemics, the total number of widespread releases has shrunk in the last decade. Kovid and Dual Hollywood Labor Strike slowed down production, Hollywood was making less and fewer movies According to comscore data, each year.

Middle-Bazette films-In the drama, comedy and romantic comedy styles disappeared in the mid-2010s as the studios demanded to invest in large budget franchise flixes, resulting in high profits. Comparatively lower budget films have been reared to streaming platforms in an attempt to stock these services mainly with more affordable materials.

Analysts said that the innings at the domestic box office resulted in a loss of about $ 1 billion every year in the total ticket sales.

At the same time when the studios were changing their film Slates, the film House was merging. The most recent association among Walt Disney Company And the 20th -century Fox was first announced in 2017 and finalized in early 2019, resulting in comcore data, the loss between 10 and 15 film releases annually.

In 2015, the 20th -century Fox released 17 films. After its acquisition, epidemic and strike, it has released less than half a dozen titles every year.

“With the consolidation in the past of some studios, the output number has declined over the years, and low release with low release, the low capacity for the sale of box office and concession,” said the commented media analyst Paul Dergrabedian, a senior media analyst. “More important thing is that new films are required to attract film theaters into their auditoriums.”

With the emergence of small studios such as neon and A24, Amazon’s commitment to the dramatic, the 20th -century Fox should help shut down the differences left by the acquisition of Fox.

“They fill the difference that we are missing from Fox, which is very exciting, and it looks like a slate as Fox, where there are some big titles, but a lot of that mid-range,” Bagbi said.

The discovery of industry experts is that box office strength does not just rely on the success of franchise films-superhero flicks, big-judgment action fare and thus-but also on the sheer amount and variety of materials.

There is a direct connection between the number of dramatic releases and the overall box office strength. During the epidemics, the fall in box office ticket sales largely tracked the film release almost in the lock step.

Cinema United CEO Michael O’Lery said, “The number of films continues in the right direction.” “When considering wide release at 2,000 or more places, we saw 94 last year, but we expect at least 110 in 2025. Beyond this, distributors have achieved the release dates as far as 2028, which are for films with a lot of business capacity.”

Source link

RELATED ARTICLES
- Advertisment -

Most Popular