Amazon's Hollywood dreams
The retailer unveils a new site for movie script submissions, hoping to turn some into feature films.
Time 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.
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Netflix already has an exclusive deal with Epix and gets the rights to new films from Paramount, Metro-Goldwyn-Mayer and Lions Gate Entertainment.
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