Apple TV+ made history Sunday night as the first streaming service to win an Oscar for best picture when “CODA” took the top prize. The film’s title — an acronym for Children of Deaf Adults — won in all three categories in which it was nominated, sending Apple on its first-ever Academy Award victory lap. With its total of six nominations, Apple TV+ was a dark horse, as was “CODA,” upstaging Netflix and “The Power of the Dog,” the most nominated distributor and film, with 27 and 12 nods, respectively. Netflix earned just one Oscar, for Jane Campion’s direction of “The Power of the Dog.” Continue reading ‘CODA’ Wins 3 Oscars, Including First Best Picture for Apple

Streaming services had another strong showing with the latest Oscar nominations. Apple TV+ received six nominations, including its first in the Best Picture category for “CODA,” also groundbreaking as the first film with a majority deaf cast to contend in the top category. Apple acquired the film at last year’s Sundance Film Festival where it set a record with its $25 million bid. Apple also got noticed for Joel Coen’s “The Tragedy of Macbeth,” which earned Denzel Washington a Best Actor nod and is competing for Best Production Design and Best Cinematography. When the contenders were announced Tuesday morning, it was Netflix that tallied the largest haul, with 27 nominations, the most of any studio.  Continue reading Apple Joins Top Streaming Video Services in the Oscar Race

With the success of “Red Notice” — the heist caper starring Ryan Reynolds, Gal Godot and Dwayne Johnson described as Netflix’s first stab at a film franchise — the streaming service has turned a corner, quelling resistance to making the first-run theatrical window an afterthought for direct-to-TV and Netflix’s 214 million subscriber households worldwide. Netflix has said it would spend $17 billion on original content in 2021, making it a talent magnet and major spender in Hollywood. The company plans to produce even more originals in 2022 and have them spread more evenly throughout the year (since the pipeline presumably won’t be interrupted with COVID-19 shutdowns). Continue reading Netflix Increases Its Production Spending, Acquires VFX Firm