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Amazon Starts Movie Production Site Amazon Studios

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Amazon.com Inc. is starting a Web business aimed at helping filmmakers get their movies onto the big screen.

It plans to distribute a total of $2.7 million to those who submit the best works by the end of next year.

Amazon said this includes an annual award of $100,000 for the best script and $1 million for the best film it receives by Dec. 31, 2011, as well as monthly awards.

Amazon already has some experience in the film industry: It owns the Internet Movie Database, or IMDB, and holds a stake in LOVEFiLM International Ltd., which is a European subscription DVD rental company.

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via ABC news

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