THR on Amazon Studios struggles

 

"Lord of the Rings: The Rings of Power"

According to The Hollywood Reporter, Amazon Studios continues struggling to define itself, despite releasing several high-profile, mega-budget shows and films.

 Huge investments in event series like "Lord of the Rings: The Rings of Power" and "Daisy Jones & The Six" have yet to fully pay off for the streamer.

  • THR reports, based on information from unnamed sources, that "The Rings of Power" only had a 37% completion rate among viewers in the US, well below comparable event series on other platforms; overseas, the show only hit around a 45% completion rate.
  • Nonetheless, Amazon Studios chief Jennifer Salke has described the show as a success and a "culturally defining moment" for the company.
  • "Daisy Jones" also has had some impact -- renewing interest in the novel upon which it's based, and launching a soundtrack album featuring songs from its fictional band -- but THR reports it also produced disappointing viewership numbers based on its $140 million budget.
  • On April 28, Amazon debuts "Citadel," a very costly series from producers Anthony and Joe Russo ("Avengers: Endgame"); Amazon has committed to produce at least three seasons of the globe-trotting series.
  • The streamer also has several costly collaborations in the pipeline with "Westworld" creators Lisa Joy and Jonathan Nolan, including a second season of the sci-fi drama "The Peripheral" and the video game adaptation "Fallout."



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