Amazon paid $15 million for Woody Allen’s new movie

Amazon is in the midst of a TV and movie spending spree, an apparent attempt to beat out streaming rivals like Netflix and Hulu by outbuying them. Amazon Studios has done deals with directors Jim JarmuschSpike LeeTodd Solondz, and Terry Gilliam that will see their movies arrive on Amazon Prime, and has spent lavishly on its own range of original TV shows, including The Man in the High CastleMost recently it landed the rights to Woody Allen’s still-untitled next movie, in a deal that The Hollywood Reporter said today was worth $ 15 million upfront — an extravagantly expensive offer 15 times the amount Sony Pictures Classic paid for Allen’s last movie.

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