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Lily Gladstone’s heart, Jeffrey Wright’s gut

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The Industry
Jan 24, 2024
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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

    • ​Anatomy of a Fall​, ​Past Lives​, and ​Barbie​

  • 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

    • ​Wim Wenders​ (​Perfect Days​)

  • ​2nd​ Openly gay man to play an openly gay character

    • ​Colman Domingo​, ​Rustin​

  • ​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.”

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