Netflix Becomes First Streaming Company To Join the MPAA
Wednesday January 23, 2019. 02:00 PM , from Slashdot
An anonymous reader quotes a report from Hollywood Reporter: Netflix has joined the membership ranks of the Motion Picture Association of America alongside the six major Hollywood studios, the top lobbying group said Tuesday, The unprecedented move -- coming on the same day that the streamer landed its first Oscar nomination for best picture -- was endorsed by Disney, Fox, Paramount, Sony, Universal and Warner Bros. It is the first time in history that a non-studio has been granted entry. It also is a defining moment for MPAA chairman-CEO Charles Rivkin 18 months into his tenure. The Netflix-MPAA union coincides with the streamer becoming a card-carrying member of the Oscar race after securing an unprecedented 15 nominations on Tuesday morning. Netflix CEO Reed Hastings and Sarandos are intent on upping the company's profile as a legitimate force in the movie business, and joining the MPAA will further that goal. Additionally, once Fox is merged with Disney, the MPAA will have one less member, meaning a loss of as much as $10 million to $12 million in annual dues. Sources say the MPAA is courting other new members as well (Amazon could be a candidate). Prior to joining the MPAA, Netflix 'departed from the Internet Association -- a major industry trade group representing tech companies including Google, Amazon, and Facebook,' Engadget notes. 'Netflix had been a member of the internet association since 2013.'
Read more of this story at Slashdot.
Apr, Sat 20 - 22:49 CEST