Following on from Netflix's first Oscar-winning nomination, the streaming giant could take giant steps to become a major player in the film business. 1
Variety reports that Netflix joins MPAA in advanced talks and consolidates its status as a major player in the industry as just a disruptor. The MPAA currently has six major studios as members, including Universal Pictures, Paramount Pictures, Warner Bros. Pictures, Walt Disney Pictures, Sony Pictures and 20th Century Fox. However, with the upcoming acquisition of Fox by the Walt Disney Company, the MPAA faces the loss of one of its old members, 20th Century Fox. And now Netflix could take its place.
As reported by Politico for the first time, Netflix is currently in negotiations to join its exclusive membership. Each member pays an annual contribution of between $ 15 and $ 20 million a year, but we all know that the streaming giant – seemingly flowing from a bottomless well – can afford it.
The potential introduction of Netflix into the MPAA would be the first time a Tech / Internet Silicon Valley company joins the association. Although the streaming service was primarily a disruption to the film and television industry, the power and influence that Netflix now has over the audience is undeniable. The technology industry often encounters the MPAA on issues such as copyright and trade, but with the introduction of original content on Netflix and its rival platforms Amazon, Hulu, YouTube and Apple, the line between the tech world and the entertainment world is becoming increasingly blurred. Big media companies like Disney, WarnerMedia and NBCUniversal have all given the power of streaming and launched their own digital platforms.
Now, Netflix is taking a big step toward credibility in the movie industry. It received the coveted Best Picture nomination for Alfonso Cuaron 's masterful drama Roma (and could easily earn that victory as well) and is now considered to be the Big- Timers join the oldest body of Hollywood.
Cool posts from the web: