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Amazon Crime Series to Cast Robert DeNiro & Julianne Moore
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Amazon.com, Inc. (AMZN - Free Report) has accelerated its push into the online video streaming space with a new television show featuring A-list stars Robert DeNiro and Julianne Moore.
Amazon and FX were among the several networks fighting to secure this high-profile package, the news of which surfaced this August. Amazon ultimately won the race.
About the Series
Though the details of the plot are not available, the show is believed to be a mafia crime series set in the 1990s. David O. Russell will write and direct all the episodes. He along with Alexandra Milchan, Scott Lambert and Megan Ellison will also produce the series.
Amazon has reportedly signed a deal for two eight-episode seasons with the producer The Weinstein Company for $160 million with De Niro being paid $850,000 per episode.
The original content space is extremely crowded and dominated by Netflix (NFLX - Free Report) . Other players that are trying to boost presence in this space include Dish Networks' SlingTV, Comcast's (CMCSA - Free Report) NBC Universal, AT&T's DirecTV Now, Alphabet's rumored Google Unplugged service, Twenty-First Century Fox, Hulu, HBO, Time Warner and Disney.
So, it’s up to Amazon to compete against them with successful ventures of its own. This new series is expected to do the job for Amazon, leveraging on the popularity of the top-notch movie stars and director who are making their foray into television after a successful career in the movies.
Notably, Amazon has been increasing its spending on original TV shows and movies, one of the main reasons behind its third quarter earnings miss. CFO Brian Olsavsky has already said that the company has increased its spending on video content and marketing twofold in the second half of this year from the last year
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Amazon Crime Series to Cast Robert DeNiro & Julianne Moore
Amazon.com, Inc. (AMZN - Free Report) has accelerated its push into the online video streaming space with a new television show featuring A-list stars Robert DeNiro and Julianne Moore.
Amazon and FX were among the several networks fighting to secure this high-profile package, the news of which surfaced this August. Amazon ultimately won the race.
About the Series
Though the details of the plot are not available, the show is believed to be a mafia crime series set in the 1990s. David O. Russell will write and direct all the episodes. He along with Alexandra Milchan, Scott Lambert and Megan Ellison will also produce the series.
Amazon has reportedly signed a deal for two eight-episode seasons with the producer The Weinstein Company for $160 million with De Niro being paid $850,000 per episode.
AMAZON.COM INC Price
AMAZON.COM INC Price | AMAZON.COM INC Quote
Amazon Rises to the Occasion
The original content space is extremely crowded and dominated by Netflix (NFLX - Free Report) . Other players that are trying to boost presence in this space include Dish Networks' SlingTV, Comcast's (CMCSA - Free Report) NBC Universal, AT&T's DirecTV Now, Alphabet's rumored Google Unplugged service, Twenty-First Century Fox, Hulu, HBO, Time Warner and Disney.
So, it’s up to Amazon to compete against them with successful ventures of its own. This new series is expected to do the job for Amazon, leveraging on the popularity of the top-notch movie stars and director who are making their foray into television after a successful career in the movies.
Notably, Amazon has been increasing its spending on original TV shows and movies, one of the main reasons behind its third quarter earnings miss. CFO Brian Olsavsky has already said that the company has increased its spending on video content and marketing twofold in the second half of this year from the last year
Currently Amazon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>