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00:02Amazon expanded its film strategy following its MGM acquisition and prime video growth
00:08and outlined its theatrical ambitions at CinemaCon, according to Benzinga.
00:12The company said it will release 15 movies annually in theaters
00:16and reported early success with Project Hail Mary,
00:19which offset losses from the Melania documentary.
00:23Amazon MGM Studios
00:26Mike Hopkins said the company is fully committed to theatrical releases,
00:30described its film strategy as still early,
00:32and said Project Hail Mary marks the start of its ambitions.
00:36Head of domestic theatrical distribution,
00:38Kevin Wilson said Amazon generated over $670 million from...
00:42For all things money, visit Benzinga.com.
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