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Netflix Poised for Best Picture Oscar Win, But Impact on Business May Be Limited

share-iconPublished: Tuesday, January 07 share-iconUpdated: Tuesday, January 07 comment-icon2 months ago 19 views
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BUSINESSINSIDER
Netflix Poised for Best Picture Oscar Win, But Impact on Business May Be Limited

Credited from: BUSINESSINSIDER

  • Netflix is on track to potentially win its first Best Picture Oscar with the film "Emilia Pérez," which won multiple awards at the Golden Globes.
  • Despite this possible win, analysts believe it won't significantly affect Netflix's business strategy, as the company has already succeeded in the streaming market.
  • Industry experts note that the importance of the Oscars has decreased for Netflix, which has shifted focus towards live sports and ad revenue.
  • Netflix's previous attempts at the Best Picture category have included notable films like "Roma" and "The Power of the Dog."
  • The company is increasingly investing in live content, considering it a vital area for future growth, evidenced by its deal with the WWE for "Monday Night Raw."

For further details, visit the original article at Business Insider.

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