Have you heard the rumors that Netflix wants to break into the movie business? Well, they’re true.
According to a new report from the Los Angeles Times, anonymous sources told the paper that Netflix backed out due to a high sale price. While this might sound crazy, the once DVD-based company has turned into the largest media conglomerate of our day and age. Well now, they want to go sell some tickets, popcorn, and sodas while you kick back and watch a movie at one of their theaters.
There’s A Small Problem
Last year, the media conglomerate spent more than $8 billion producing its own exclusive content. Think the worldwide hit Stranger Things, Fuller House, and the new remake of the hit 1960s show, Lost In Space. The one thing that might stop Netflix from wanting to get involved in the regular movie industry is a biggie though.
There are no theater runs for the feature films. This means Netflix is disqualified from winning major awards like an Oscar. Considering that Netflix is releasing a total of 80-something movies this year, that’s a pretty big deal. This also might discourage talented actors from signing on to a Netflix film production.Netflix Chief Content Officer Ted Sarandos said,
“We want our films to be on fair ground with every other filmmaker. There’s a risk in us going in this way and having our films and filmmakers treated disrespectfully at the festival.”
How Can Netflix Get Around These Regulations?
That’s not all. It’s also rumored that Netflix might not be able to show its films in all theaters - only select ones. They want their movies to be released on streaming services the same day that they are released in theaters. Theaters aren’t likely to agree to this.
However, if Netflix owned its own theaters, the company could pull off a big theatrical release for those who enjoy their time at the big screen or those who would rather sit at home in their PJs with a bucket of popcorn.
Either Way, Netflix Will Be Fine
While we’d love to see Netflix originals on the big screen, whatever happens, they’ll be okay. Last year, the company raked in some $2.67 billion in revenue last year, including a whopping $66 million profit. Maybe they’ll be able to throw some of those profits to a brick and mortar store. We’ll just have to wait and see.
Would you pay to watch your favorite Netflix Originals on the big screen? Let us know in the comments below!
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