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The company reportedly plans to spend $1 billion a year on theatrical movie releases. Bloomberg reported that Amazon plans to build up production in 2023 with a plan 12 to 15 releases per year after that. Cinemark, iMacs and AMC stocks jumped after the news. Karen Drexler: This is a real doubling down in the movie theater area.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode