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Will Netflix be the true Oscar winter?

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Filmtv Law
Will Netflix be the true Oscar winter?

We’re going into the 2020-2021 Oscar season, and nominations are set to drop shortly. Yet 2020 will not go down in the books as a bumper movie year. With theaters closed by the health crisis, production schedules in tatters, and very little campaigning underway, this will be a very different Oscar Season- and it may well be Netflix’s best. BLAKE & WANG P.A Entertainment Lawyer Los Angeles takes a closer look.

Netflix and nominations

Securing an Oscar nomination is always something of an odds race. This year, one studio stands like a giant above others- and it’s Netflix. Sure, Amazon Prime Video and Searchlight have produced some gems that will doubtless get their own nod, and Disney has aggressively cultivated Disney Plus, but for the most part, Netflix movies are the heavy favorites for multiple Oscar nominations and wins.

This time last year, could anyone have predicted the complete dearth of blockbusters for the 2020 season? Or the surge to prominence of a streaming service over big-name movie studios? Not at all. The coronavirus pandemic has not only rocked the movie industry, but it’s upset the Oscar apple cart completely- and the invasion of Netflix to mainstream prominence is a key part of that.

After all, original films on the network are not new. They’ve been venturing into original content for almost a decade, and since 2013’s The Square earned a nomination, they’ve had their eyes on conquering the Oscars. Since about 2018, the possibility has become more and more real that prominent wins would go to them.

The stigma of being a ‘streaming service’ was real, however- until 2020, the year in which you streamed or snoozed. The perfect storm was created, leaving the most obvious Oscar contenders (and dozens of epic performances) a product of Netflix’s efforts. We could list endless contenders for nominations from the network alone- and few from elsewhere. There can be no doubt that Netflix’s aggressive pulling of titles from film festivals, alongside smart campaign strategies and the effects of the pandemic, will pay off big-time for the network in the Oscars this year. 

What created the perfect storm?

After all, Netflix- unlike almost every other studio- did not suddenly have to focus on it’s streaming services instead of the theatrical exhibition when the first lockdowns ground daily life to a halt. It only ever had filmed for streaming, and budgeting for recoverable money and other aspects was already geared towards streaming models, not the box office. While more traditional studios lost their big-budget bait, pushed back tentpoles, or simply had no idea what to do with existing projects, Netflix just carried on carrying on, aggressive as ever and exactly as planned.

So 2020 will undoubtedly be the year Netflix booms at the Oscars. Perhaps the real question is- what happens next? The exhibition industry is not in a good place and may never recover. Netflix is well set up for direct-to-consumer models and has a commitment to aggressive growth. The key variable will be whether studios (and theaters) will recover and snatch back their share, or if Netflix will be able to leverage this perfect storm for future prominence too. 

We can’t say what will happen in the coming Oscar seasons, but 2020 will definitely see Netflix scoop up unprecedented nominations. As always, BLAKE & WANG P.A will keep you in the loop and ahead of your competition, so don’t be afraid to get in touch with us to discuss the best way to position your own projects for future growth.

 

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