Rival studios project that Amazon could lose roughly $40 million on LateNight's theatrical run
Five months after strutting out of the Sundance Film Festival with a bag full of splashy acquisitions, Amazon Studios has been thrown off balance by a box office losing streak and the departure of one of its top executives.
The failure of “Late Night” and Berney’s departure have left people in the business wondering about the strength of Amazon’s commitment to making movies. Salke has been primarily focused on building up the company’s television pipeline, spending more of her time on ambitious series such as “The Hunt” and “The Lord of the Rings.” Film production has languished in recent months, with Amazon slowing down its in house projects.
While many were critically praised and garnered awards attention, none among them grossed more than $7 million at the box office, a grim return for a company widely perceived as willing to spend whatever it takes to compete with the major studios and its chief rival, Netflix. When the films didn’t work, Amazon’s marketing department and Berney often found itself shouldering the blame.
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