Amazon is giving away $1.1 million this year for test movies and movies scripts. They essentially are creating Kindle Singles for movies — except now they are willing to help you out with the cash outlay neede to produce a movie.

I think this is a fantastic idea, something that Netflix and Hulu should have been already doing.

From the FAQ:

Amazon Studios makes money by getting movies made, so while we can’t guarantee it, our goal is to make that happen. To that end, we have established a first-look development deal with Warner Bros., the biggest movie studio in Hollywood.

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