CNN Money reports that AMAZON will be adding a new side to their multi-faceted business. Leveraging their dominant exposure, Amazon is set to start producing network tv quality television shows, with professional budgets. They aim to bring streaming original comedy and children’s content to their audience, all original material. Amazon plans to solicit original scripts in these two genres, and if one is optioned, the creater gets $10,000, if it is made into a series, the creator gets $55,000 and up to 5% residuals. While most companies would be discouraged from branching out into this new media territory, Amazon should be just fine, leveraging, among other assets, Joe Lewis, a long time Hollywood name, who brings his years of experience from Comedy Central, 20th Century Fox, and a cloud based tv station called, BARK Industries. That’s all for now, but for more updates, keep it right here, to the financial news network online.
