hollywood

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By Mary Milliken LOS ANGELES (Reuters) – When Amazon Inc announced on Monday its move into the movie business, the Internet retailer sent a ripple through Hollywood's pool of independent film. With plans to produce 12 films per year with budgets ranging from $5 million to $25 million, for theatrical release and streaming on Amazon Prime video 4-8 weeks later, a digital company is creating a new art-house studio and getting films into consumers' hands and living rooms faster. “It's a great business,” said Mark Gordon, the veteran Hollywood television and film producer behind movies like “Saving Private Ryan” and the new Steve Jobs biopic. “By financing a movie they feel good about and knowing where their second window is going to be, there is a huge opportunity for them and the rest of the creative community.” Amazon's announcement came as a surprise, but the Seattle-based company had already built up its credibility among Hollywood's creative types, most notably with its television series “Transparent,” which won two Golden Globes last week, its first major awards since starting Amazon Studios in 2010.

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By Steve Holland WASHINGTON (Reuters) – U.S. President Barack Obama moved to prevent U.S. anger at North Korea from spiraling out of control on Sunday by saying the massive hacking of Sony Pictures was not an act of war but instead was cyber-vandalism. Washington's long-standing dispute with North Korea, which for years has centered on its nuclear weapons program, has entered new territory with the accusation that Pyongyang carried out an assault on a major Hollywood entertainment company. …

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By Steve Holland and Matt Spetalnick WASHINGTON (Reuters) – President Barack Obama vowed on Friday to respond to a devastating cyber attack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for caving in to what he described as a foreign dictator imposing censorship in America. Obama said the cyber attack caused a lot of damage to Sony but that the company should not have let itself be intimidated into halting the public release of “The Interview,” a lampoon portraying the assassination of North Korean leader Kim Jong Un. …