Hollywood
Amazon to produce original movies for theaters and Prime Instant Video
MUMBAI: Amazon Studios, known for television series such as Transparent, Tumble Leaf and Mozart in the Jungle, will begin to produce and acquire original movies for theatrical release and early window distribution on Amazon Prime Instant Video.
Whereas it typically takes 39 to 52 weeks for theatrical movies to premiere on subscription video services, Amazon original movies will premiere on Prime Instant Video in the US just four to eight weeks after their theatrical debut. It will focus on unique stories, voices, and characters from top and up-and-coming creators.
Amazon Studios vice president Roy Price said, “We look forward to expanding our production efforts into feature films. Our goal is to create close to 12 movies a year with production starting later this year. Not only will we bring customers exciting, unique, and exclusive films soon after a movie’s theatrical run, but we hope this program will also benefit filmmakers, who too often struggle to mount fresh and daring stories that deserve an audience.”
Amazon Original Movies creative development will be led by independent film visionary Ted Hope. Hope co-founded and ran production company Good Machine, which produced Academy Award-nominated films such as Eat Drink Man Woman and Crouching Tiger, Hidden Dragon.
“Audiences already recognize that Amazon has raised the bar with productions in the episodic realm, tackling bold material in unique ways and collaborating with top talent, both established and emerging. To help carry the torch into the feature film world for such an innovative company is a tremendous opportunity and responsibility,” said Hope.
Hollywood
David Zaslav could net up to $887m as Warner Bros Discovery sells up
Media mogul strikes gold as Paramount Skydance deal triggers massive windfall
NEW YORK: While the average office worker might hope for a nice clock and a round of applause upon leaving, David Zaslav is looking at a slightly more substantial parting gift. The chief executive officer of Warner Bros Discovery is positioned to receive a windfall of up to $887 million following the company’s blockbuster $110 billion sale to Paramount Skydance.
In a twist of corporate fate that feels scripted for the big screen, the deal marks the finale of a high-stakes bidding war. It comes after Netflix, once the frontrunner, decided to exit stage left and abandon its pursuit of the HBO Max parent company.
While most people receive a standard final paycheck, the filing released on Monday suggests Zaslav’s exit package is built a little differently. If the deal closes as expected in the third quarter of 2026, the numbers break down like this:
The cash out: A severance package of $34.2 million, covering his salary and bonuses.
The equity: $115.8 million in vested shares he already owns.
The future fortune: A massive $517.2 million in unvested share awards, essentially “future stock” that turns into real money the moment the ink dries on the merger.
Perhaps the most eye-catching figure is the $335 million earmarked for tax reimbursements. However, this particular pot of gold has an expiration date.
The company noted that these reimbursements are tied to specific tax-code rules that significantly decline as time passes. If the deal hits a snag and drags into 2027, that tax payout drops to zero. With hundreds of millions on the line, the chief executive officer likely has every incentive to ensure the closing process moves at double-speed.
