Netflix Plans To Buy Movie Theatres For Better Oscar Chances

Netflix Plans To Buy Movie Theatres For Better Oscar Chances

Netflix Plans To Buy Movie Theatres For Better Oscar Chances

However according to a report from the LA Times, Netflix could be thinking of buying its own theaters.

One of the advantages of Netflix is being able to enjoy TV shows and movies in the comfort of your own home.

Netflix executives initially considered purchasing the Los Angeles-based Landmark Theaters, the circuit co-owned by Mark Cuban, but backed off the idea because they believed the sale price was too high.

The Los Gatos, Calif., company has explored the idea of buying movie theaters in Los Angeles and NY that would enable it to screen a growing pipeline of feature films and documentaries, according to people familiar with the situation.

Last month, Steven Spielberg said movies that have mere "token" theatrical runs - as those from Netflix do - shouldn't be in the running for Oscars.

The Times article mentions the Landmark Theatres chain, which has three Los Angeles locations and dozens elsewhere across the United States.

"For awards consideration they need to be able to release pictures on screens in major markets".

Netflix films like Beasts of No Nation and Mudbound were released in some theatres, the movies were simultaneously released on Netflix.

Netflix didn't immediately respond to a request for comment. Oscars awards are also given to the movies that have been released on the big screen. The video streaming service has even said it won't be attending the Cannes Film Festival this year simply because its films would never be able to win any awards there.

"We want our films to be on the fairground with every other filmmaker, there's a risk in us going in this way and having our films and filmmakers treated disrespectfully at the festival".

Would you pay to see a Netflix film in a traditional cinema?

Latest News