Amazon builds on TV successes to enter movie business

January 19, 2015 7:22 PM

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Amazon builds on TV successes to enter movie business

(Reuters) - Amazon.com Inc is getting into the movie business, building on some early successes in TV productions, the latest sign of the Internet retailer's eagerness to build itself into a major Hollywood player.

Amazon said on Monday it was aiming to produce close to 12 movies a year for theatrical release which would then be available on its Prime video service within two months, a huge drop from the roughly one-year wait it normally faces to stream Hollywood releases.

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