WASHINGTON: It could have already got Oscars beneath its belt, however Netflix’s acceptance by the Academy of Motion Picture Arts and Sciences hangs within the steadiness.
It could have already got Oscars beneath its belt, however Netflix’s acceptance by the Academy of Motion Picture Arts and Sciences hangs within the steadiness
The prestigious physique is ready to reexamine whether or not the streaming large will stay eligible for such awards, regardless of a warning from the US Justice Department that might violate antitrust legal guidelines.
“We’ve received a letter from the Dept of Justice and have responded accordingly,” the Academy stated in a press release, confirming stories in Variety journal.
Film director Steven Spielberg has recommended that Netflix movies shouldn’t be eligible for Oscars, however as an alternative for Emmy Awards handed to the celebs and creators of tv exhibits.
“Once you commit to a television format, you’re a TV movie,” stated Spielberg, who is ready to work with new streaming platform Apple TV+.
But for US authorities, “such conduct may raise antitrust concerns.” In its letter to the Academy, the Justice Department expressed considerations that new restrictions might “suppress competition.”
The Academy, for its half, merely says it can meet on April 23 for an annual assembly on the principles of the Oscars.
Netflix declined to remark, however final month tweeted: “We love cinema.”
“Here are some things we also love: Access for people who can’t always afford, or live in towns without, theaters; Letting everyone, everywhere enjoy releases at the same time; Giving filmmakers more ways to share art,” it added.
“These things are not mutually exclusive.”
– Old vs new –
US antitrust legal guidelines exist to control companies to advertise truthful competitors and shield customers.
Recently, authorities blocked the takeover of media large Time Warner by telecoms group AT&T, on the grounds that it might lower out competitors and raises costs for purchasers.
In this case, the Justice Department “wants to avoid having to intervene by way of a lawsuit,” stated C. Kerry Fields, a enterprise economics professor on the University of Southern California.
The Academy didn’t reveal its response to the Justice Department’s letter, however Kerry Fields recommended it “may cause the Academy to be more circumspect and cautious.”
“I’m sure there are many people on the Academy board that are uneasy about taking on the Department of Justice,” he added.
Fueled by Netflix’s haul at this yr’s Academy Awards, together with three statues for Mexican Alfonso Cuaron’s “Roma,” underlying all this can be a battle between the world of previous cinema and the brand new world of streaming companies.
For Kerry Fields, it’s stunning the US authorities have sided with the latter.
“It is a titanesque struggle: one that pits old formats against a new one,” he stated.
“For a lot of young people, it’s the right decision but I would have thought they would have sided with the Academy.”