Amazon's Hollywood dreams

The retailer unveils a new site for movie script submissions, hoping to turn some into feature films.

By Kim Peterson Nov 17, 2010 1:41PM

Film © Comstock/SuperStockTime to dust off that movie script you wrote in college.

Amazon.com (AMZN) has launched a new website for people to submit movie scripts and will pay millions of dollars for the best ones, Reuters reports.

The company's studios division has partnered with Warner Bros. to receive the scripts and has set aside nearly $3 million for the best submissions received by December 2011. The winning scripts may get developed as feature films. (See more about the offer here.)

Warner Bros. gets first crack at the scripts, but if it takes a pass, then Amazon can go to other studios, Reuters reports.

This is an unusual step for Amazon, which is moving into the streaming-video service dominated by Netflix (NFLX). It's one thing to work out a streaming deal with a studio, but getting into production is odd territory for the retailer.

 

Post continues after video:

In all likelihood, the deal is part of a larger partnership that could blossom into some exclusivity -- perhaps Amazon getting sole access to some Warner Bros. content for its streaming service. Warner Bros. is a division of Time Warner (TWX).

Netflix already has an exclusive deal with Epix and gets the rights to new films from Paramount, Metro-Goldwyn-Mayer and Lions Gate Entertainment.

More from Top Stocks:

3Comments
Nov 17, 2010 5:44PM
avatar
Oh, So they try and do a good thing and the rest should be forgiven. Why are you writing a screenplay about child porn? Maybe we should have forgiven John Wayne Gacy. After all he was a birthday clown and painted some nice pictures.   Please........
Nov 17, 2010 4:53PM
avatar
So now what? Did everyone forget about the pedophile books they were selling? I wonder what kind of kiddie porn they are going to be selling now. Screw Amazon ! I will never purchase another thing from them ever again.
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

133
133 rated 1
286
286 rated 2
441
441 rated 3
737
737 rated 4
614
614 rated 5
606
606 rated 6
621
621 rated 7
441
441 rated 8
317
317 rated 9
122
122 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
BBBYBED BATH & BEYOND INC10
TWXTIME WARNER Inc10
COPCONOCOPHILLIPS9
HDHOME DEPOT Inc9
VZVERIZON COMMUNICATIONS9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.