Reports Suggest That The Academy is Getting More Theater-Inclined, Will Netflix Stand A Chance to Win the Oscars Moving Further?

Published 04/01/2023, 6:30 AM EDT

via Imago

The Academy may not be the chief driver of Hollywood, but it certainly makes a huge effect on the mindset of a filmmaker. For instance, if one started a production specifically intending to get an Oscar nomination, they will keep a plethora of things in mind- the minutest details- from body gestures to expressions, and much more. And it seems like they will now have to take care of one more aspect that Netflix specifically may not like.

Speaking of the streaming service, it certainly has had its share of theatrical achievements in terms of creation and global outreach but Netflix’s out-of-the-box strategy for its original content may fail to get even a nomination at the most prestigious awards. A new report from Puck News suggests that the Academy may take one of the boldest decisions for its best film category to boost theaters, which may, however, hurt the sentiments of Netflix as it rejects big theatrical produces.

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As per the outlet, “films may now need to run in at least in theatres 15 to 20 of the top 50 markets in the US to be eligible” for the best picture shocker, or even to get a nomination in that category. This is perhaps to boost the gradual fading of the grandiose of the theaters. CEO Bill Kramer has reportedly approved the plan, but it is yet to receive an agreement from the 54 board members. Kramer suggested earlier that this is to promote and re-initiate the theater-specific aspects of filmmaking.

With such roles set forth, let us have a look at Netflix’s Oscar-winning movies and their history of theatrical run.

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Theater and the Oscar-winning films of Netflix

Netflix’s 2018 film, Roma, had done exceptionally brilliantly at the 2018 Academy Awards, receiving 10 nominations and winning three of them. Notably, before premiering it on its very own platform, Netflix had the movie’s theatrical release for over two weeks, and the movie evidently did wonders. Had they not done it, critics would never get an idea of its crystalline images and elaborate sound design. The streaming giant reportedly made a running total of $900,000 from its theatrical run.

Similarly, it’s another Oscar winning film, The Power of The Dog, had a limited big screen run first in Australia and New Zealand and then in the US and the UK. And although the streaming giant does not reveal its box office grosses, the film made a total of $160,000 in its first five days of release. And such was the case with del Toro’s Pinocchio as well. It also had a major big screen run before its Netflix release, grossing a significant amount at the box office.

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DIVE DEEPER

Netflix’s Past Record Strategies Reveal Why It Remains at Odds with Theatrical Releases of Their Original Movies

almost 2 years ago

However, do you think Netflix, like Amazon Prime and Apple, will support this idea? Do let us know in the comments below.

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Prithvi Shah

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Prithvi Shah is an entertainment writer at Netflix Junkie and has contributed over 650 articles. Having an English major, she has built expertise in journalistic writing, story writing, and reviewing. In her stint of over a year at NJ, Prithvi has developed a good understanding of putting forward a balanced and unbiased perspective without hurting the sentiments of millions of fans and readers across the globe.

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