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Source: Amazon

Amazon has held talks with US studios including Sony and Paramount about potentially co-financing films in exchange for streaming rights on its Prime Video Service, according to a report in Bloomberg.

Sources said the talks, which are at an early stage, focused on Amazon offering funds for development and production. No agreements have been reached.

Screen has reached out to Amazon for comment.

The streaming giant is currently in the midst of a film and TV revamp after the appointment of Jennifer Salke as Amazon Studios head in February.

Current Sony properties include Hotel Transylvania, Jumanji and Spider-Man, whilst Paramount distributes Mission: Impossible and A Quiet Place, which is set for a sequel.

Sony and Paramount currently have deals with Starz (owned by Lions Gate Entertainment Corp) and Epix (owned by MGM Holdings Inc) to show their films after they leave cinemas.

Earlier this year Paramount sold the global distribution rights for The Cloverfield Paradox to Amazon’s rival Netflix in a rumoured $50m deal.

Meanwhile Sony has recently experimented with partnering with Aamzon, after offering Prime members tickets to early screenings of Hotel Transylvania 3: Summer Vacation and Jumanji: Welcome To The Jungle in the US earlier this year.

Disney are set to launch their own streaming service sometime in 2019, which will see Marvel and Star Wars films exclusively hosted on the new platform.

Read more: Amazon film chief Ted Hope on staff changes and what’s next for the streaming giant