business news in context, analysis with attitude

• Amazon said this week that it plans to expand its video production arm, which produces movies both for theaters and for exclusive streaming online by Amazon Prime members. As part of that move, Amazon is moving into the historic Culver Studios in Culver City, California, which is where classic films such as Gone With The Wind, the original King Kong, and Citizen Kane were filmed.

Reuters notes that Amazon “will have spent $4.5 billion on video in 2017, and the company said last week that it would budget more for next year.”
KC's View:
Makes me wonder, what’s Jeff Bezos’ “Rosebud?”

Also, just as a matter of interest … Culver Studios was, if I’m not mistaken, one of two studio facilities owned for a time by Desilu Productions … and was, in fact, where the original pilot for “Star Trek” was filmed in 1964. (Production of the series - as well as of Desilu-produced series such as “Mission: Impossible” and “Mannix” later moved to Paramount when that studio acquired Desilu.) And we all know how Bezos feels about “Star Trek”…