Woody Allen says Amazon Studios got cold feet, and backed out of a movie deal ... all over the old molestation allegations about him and his stepdaughter -- and now he wants MAJOR payback.
Woody filed a lawsuit Thursday against the studio for at least $68 million! In the suit, he says Amazon was all in, as of Aug. 2017, to distribute his movie, "A Rainy Day in New York" ... starring Selena Gomez and Timothee Chalamet.
The movie was shot, edited and ready for release -- but according to the suit, Amazon backed out in June 2018. Woody says he demanded an explanation, and the studio would only say it was due "renewed allegations" and Woody's "controversial comments."
He says Amazon never spelled it out for him, but Woody thinks it's related to a "25 year old, baseless allegation" he had molested he and Mia Farrow's adopted daughter, Dylan.
Woody's suing Amazon for breach of contract and damages.