Nov 26, 2019

Netflix to reopen New York's historic Paris Theater in bid for Oscar qualification

Data: Motion Picture Association of America and Macrotrends; Chart: Naema Ahmed/Axios

Netflix confirmed Monday that it would reopen the historic Paris Theater in Manhattan through an extended leasing deal.

The state of play: The news was first reported by Deadline, which also reported last week that the deal to keep the last remaining single-screen theater in Manhattan open was a 10-year agreement.

Why it matters: The move guarantees Netflix will have a place in New York City to air its Oscar-contending movies. In order to qualify for The Oscars, a film must debut in a physical theater in Los Angeles county or New York City for seven days.

  • Traditional theater chains like AMC Theaters and Regal have refused to air Netflix films because Netflix doesn't want to give them an exclusive window of up to 90 days to air films before they go to streaming.
  • Reports this summer suggested that Netflix is also nearing a deal to buy the historic Egyptian Theatre in Los Angeles.

The big picture: Reports earlier this year suggested that Amazon was in the running to buy the Landmark movie theater chain, which owns dozens of theaters.

Go deeper: The Justice Department is currently looking to relax rules that bar a traditional movie studio from buying a theater.

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A new entertainment world order

Illustration: Aïda Amer/Axios

Streaming companies are taking over as dominant players in film and television, forcing traditional entertainment companies to invest more.

Driving the news: Broadcast networks were shut out of Golden Globe nominations yesterday, while Netflix received 17 nominations for its TV hits.

Netflix leads Golden Globe nominations for TV and film

Photo: Screen shot of "The Irishman" from Netflix's website

Netflix is leading the pack in 2020 Golden Globe nominations for both television and film, marking the first time the same company has led in both categories.

Why it matters: It's become the new normal that streaming companies like Netflix, Amazon or Hulu have an outsized presence at awards ceremonies for their major investments in original content.

Go deeperArrowDec 9, 2019

DOJ will seek end to movie studio rules

Makan Delrahim. Photo: Mike Cohen/Getty Images for The New York Times

The Justice Department will seek a court's approval to get rid of decades-old rules restricting how movie studios can distribute films, DOJ antitrust chief Makan Delrahim said Monday.

Why it matters: While the DOJ and FTC are investigating tech companies for anticompetitive behavior, Delrahim warned against hurting innovation by over-enforcing or putting in place strict rules that could outlive their usefulness.

Go deeperArrowNov 18, 2019