(Reuters) - Amazon.com Inc plans to expand its video production arm and move into a historic studio near Hollywood, the company said on Monday, signaling its entertainment ambitions remain high after a management shakeup earlier this month. The world's largest online retailer said in a news release that it would start moving into the Culver Studios, where "Gone with the Wind" was filmed, at the end of the year. The space will allow it to expand its headcount beyond the more than 700 employees working in its current Santa Monica, California, office. Video streaming has been a major reason people subscribe to the Amazon Prime benefits club, whose members tend to buy more from the company. Advertisement Continue reading the main storyAmazon Studios chief Roy Price resigned this month, and other top executives left the unit afterward.

Source: New York Times October 30, 2017 18:22 UTC