Daily Management Review

A Share of Oscar Glory Grabbed by Amazon, Netflix


02/27/2017




A Share of Oscar Glory Grabbed by Amazon, Netflix
While independent studio A24 won the coveted best picture Oscar, and as Amazon.com Inc and Netflix Inc collected the first Academy Awards for streaming services, Silicon Valley crashed Hollywood's biggest awards show on Sunday.
 
Amazon and Netflix joined the ranks of the film industry's elites with four gold statuettes between them after upending television with acclaimed online series.
 
For Casey Affleck's portrayal of a grieving man in "Manchester by the Sea," Amazon Studios, a unit of e-commerce giant Amazon.com, scored a best actor trophy. The award for the best original screenplay was also won by the movie.
 
For Iranian drama "The Salesman," which Amazon distributed in the United States and Canada, Amazon bagged the award for the best foreign language film adding to its accolades.
 
For its 40-minute film "The White Helmets," a look at rescue workers in war-torn Syria, Netflix triumphed in the documentary short-subject category.
 
But with its best picture Oscar for "Moonlight," a drama about a gay black youth coming to terms with his sexuality in an impoverished Miami neighbourhood, the most prestigious award of the night was won by A24, a small independent studio founded in 2012.
 
And by Hollywood standards the movie was produced with a tiny budget of $1.5 million.
 
The filmmakers thanked A24 for taking a chance on the coming-of-age tale.
 
"It was outside the model of what a movie should be, in terms of return on investment," producer Jeremy Kleiner told reporters backstage. The Oscar victory "hopefully creates some incentives to make movies like this," he said.
 
According to comScore data, noting the smallest take among the best picture nominees, "Moonlight" had brought in $22.3 million in domestic ticket sales through Sunday.
 
Theater, DVD and digital sales for the winning films could be boosted by Oscar recognition. comScore said that after the award, last year's best picture honoree, "Spotlight," took in $5.9 million at U.S. and Canadian theatres.
 
To help win customers to their subscription video services, the accolades provide bragging rights they can use in marketing for Amazon and Netflix.
 
"It will make them a must-subscribe destination for film fans," said Paul Dergarabedian, senior media analyst at comScore.
 
At the Sundance film festival, Amazon paid $10 million for "Manchester by the Sea". The movie will appear later this year on Amazon's Prime Video service  and has earned $46.8 million at domestic theatres.
 
Among all studios, Walt Disney Co won four including best animated feature for "Zootopia" and best documentary for ESPN's "O.J.: Made in America."and Lions Gate Entertainment Corp took home the most trophies including six wins for musical romance "La La Land" and two for "Hacksaw Ridge".
 
(Source:www.reuters.com) 






Science & Technology

NASA’s Mars Mission To Make Use Of Cold War-Era Atomic Rockets

Israel Completes Mars Habitat Simulation Experiment

Just $24 Earned By Hackers From The Huge Cryptojacking Campaign Conducted Last Week

New Molecule That Quickly Fights Cancer Cells Identified By Swedish Scientists

The U.K.’s Health Sector To Integrate Israeli ‘Digital Health’ Technology

Cryptocurrency Mining Malware Infects Government Websites In Multiple Countries All Across The World

New Research Into Space Settlement And Space Habitation Will Be Supported By Seed Grants Launched By UAE

NASA Confirms Mystery Satellite To Be Its IMAGE Satellite

Facebook To Put A Ban On Cryptocurrencies Ads

Study Show An Early Sign For Alzheimer's Is Sleep Disruption

World Politics

World & Politics

Ten Top Politicians To Be Investigated By Greek Parliament On Charges Of Taking Bribes From Novartis

The cloudy future of Saudi Arabia

Australia To Welcome Britain On The Latter’s Interest In Joining TPP

South African President Zuma Finally Resigns, New President To Be Elected Soon

13 countries with the best healthcare system

France is coming closer to Iran

India-Russia Develops Supersonic Missile Which Could Raise Concerns In China

Yet another serious political risk for Europe: Italian elections coming soon