Netflix, streaming services win Oscars cinema rule battle | IOL Business Report

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Netflix, streaming services win Oscars cinema rule battle | IOL Business Report
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Netflix, streaming services win Oscars cinema rule battle

INTERNATIONAL - In a win for Netflix, Amazon and other internet streaming services, the Academy of Motion Picture Arts and Sciences has voted not to change its rules for winning an Oscar, Hollywood’s top prize.

The Academy’s Board of Governors said on Tuesday that the existing rules, which say a movie has to run in a theater for only seven days in Los Angeles to qualify, had won. In February, Netflix won three Oscars for “Roma,” which streamed three weeks after a limited theatrical debut. Shorter windows would keep some customers at home, Greg Marcus, chief executive of The Marcus Corporation, owner of the fourth-largest US theater chain, earlier told Reuters.

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