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Good morning: In today's edition of The Industry, we look at:
Oscars milestones, Netflix’s game, Jeffrey Wright’s comedy, a Sundance triple-hitter, and a Sugarman.
Let’s go!
THE INDUSTRY NEWS
The Oscars nominations marked a number of milestones, both anchoring film legends and celebrating new voices in all categories.
Here they are by the numbers:
3/10 Best picture nominees were directed by women
3/10 Best picture nominees were foreign language films
The Zone of Interest, Past Lives, Anatomy of a Fall
1st Native American nomination for acting
Lily Gladstone, Killers of the Flower Moon
1st Narrative Oscars for three-time documentary-nominated director
2nd Openly gay man to play an openly gay character
3rd Actor to have directed themselves twice in a Best Actor nominated performance
Bradley Cooper, Maestro
8th Woman nominated for Best Director
Justine Triet, Anatomy of a Fall
10th Best director nomination = most nominated living director
Martin Scorsese - Killers of the Flower Moon
25 Great films rejected by the Oscars
Including A Thousand and One, Dream Scenario, and The Iron Claw
30 Years of producing culminates in their first Oscars nomination
Christine Vachon - Past Lives - Best Picture
91 years old, the oldest Oscars nominee ever
John Williams, Best Score, Indiana Jones and the Dial of Destiny
Hoping to get the requisite 11% post-nomination theatrical box-office bump, Barbie, Oppenheimer, and Killers of the Flower Moon are all going back to theaters on Friday.
American Fiction ($8.1M domestic), The Zone of Interest ($1.5 M domestic), and Poor Things ($34 M worldwide) are still in theaters and will also capitalize.
Netflix beats projections and adds 13M subs in Q4, bringing their total to 260 M.
Here’s a breakdown by region:
US/Canada +2.81 M (80 M)
EMEA +5 M (88 M)
LATAM +2.3 M (46 M)
APAC +2.9 M (45 M)
Netflix will phase out its basic non-ad tier to drive more ad revenue as it continues to make improvements in targeting.
Here’s the stand-out quote from Netflix's earnings call:
“We’re not interested in acquiring linear assets nor do we believe that further M&A among traditional entertainment companies [e.g. a Paramount acquisition] will materially change the competitive environment given all the consolidation that has already happened over the last decade.”