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Thursday, April 25, 2019

Big Win For Netflix

Yesterday, Netflix scored a big victory when the Academy voted not to change the eligibility rule for streaming services regarding Oscar nominations. 
Reed Hastings. Netflix's CEO. happy over Academy's vote

Amid calls for a crack-down on streamers from some of tinsel-town's heavy-weights , the Academy's Board of Governors voted to retain the current rule which states that 'a feature-length film must screen for one-week in a Los Angeles cinema with paid admissions to qualify for best picture and other nominations.

Spielberg, became an outspoken and vocal critic of Netflix, and other content streamers, after 'Roma' (a Netflix feature film) won three Oscars.
Yesterday, Spielberg upped his rant to the Board but obviously to no avail.

Netflix used the 'four walling' distribution model for 'Roma', whereby it rented out the movie theaters and kept the box office gross.
Spielberg, still ranting over Oscar nom. for streamers

The 92nd Oscars will be held on Sunday, Feb.9, 2020 at the Dolby Theater. It will be aired by ABC.

CMG is in total favor of the Academy's decision. Movies from any source should be eligible and screened at cinemas. Take note independent exhibs. No reason why you can't screen Netflix films. 

Jim Lavorato, President (entequip610@gmail.com)
Entertainment Equipment Corp.

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