Investing.com -- Amazon (NASDAQ:AMZN) MGM Studios is planning to establish an international theatrical distribution arm for its future feature films, according to Deadline. This information comes from multiple sources who are familiar with the matter.
Currently, the studio's foreign theatrical distribution is handled by Warner Bros. However, this arrangement is set to conclude by the end of the year. With the impending end of this deal, Amazon MGM Studios is looking to take a new direction by setting up its own international theatrical distribution arm. This move will allow the studio to have direct control over the distribution of its films in international markets.
The exact details of the new distribution arm, including its launch date and operational specifics, have not been disclosed yet. It is expected that more information will be revealed as the end of the Warner Bros. deal approaches.
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