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Amazon beat out streaming rival Netflix as the first major streaming company to be nominated for best picture on Tuesday. Amazon-owned Manchester by the Sea was nominated for six Academy Awards, including best picture, and The Salesman, an Amazon-owned foreign film, received one.

It's unprecedented: Amazon only launched their movies business a year ago, and already they are outbidding major studio competitors for content and winning major awards. The retail giant purchased rights to Manchester by the Sea for $10 million at Sundance last year, outbidding the likes of Fox Searchlight and Universal. This year, they have already made the largest acquisition at Sundance with $12 million comedy film The Big Sick.

Why to watch: Amazon and Netflix have both made major investments in content, but Bezos' box office success and critical acclaim are inching him ahead of Reed Hastings. Amazon's success can likely be attributed to their distribution strategy. The tech giant released Manchester by the Sea to box offices and made nearly $39 million dollars, while Netflix released Beasts of No Nation online in tandem with theaters, making an abysmal $91,000 in the box office.

Go deeper

Updated 45 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

Technical glitch in Facebook's ad tools creates political firestorm

Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

2 hours ago - Health

States beg for Warp Speed billions

A COVID-19 drive-thru testing center yesterday at Hard Rock Stadium in Miami Gardens. Photo: David Santiago/Miami Herald via AP

Operation Warp Speed has an Achilles' heel: States need billions to distribute vaccines — and many say they don't have the cash.

Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.