video Business
Amazon, Netflix bask in Oscar glory
Monday, February 27, 2017 - 01:12
Amazon.com and Netflix collected the first Oscars for streaming services, while independent studio A24 won the coveted best picture Academy Award. Fred Katayama reports.
▲ Hide Transcript
▶ View Transcript
Silicon Valley crashed Hollywood's biggest awards show on Sunday. Amazon Studios took a best actor Oscar award for Casey Affleck's portrayal of a grieving man in "Manchester by the Sea." The movie also won best original screenplay. It got another Academy Award for best foreign language film for the Iranian drama, "The Salesman." Amazon distributed that film in the United States and Canada. Netflix triumphed in the documentary short-subject category with its 40-minute film "The White Helmets," a look at rescue workers in war-torn Syria. Oscars are part of brand building for tech companies venturing into Hollywood, says Max Wolff of 55 Capital. (SOUNDBITE) MAX WOLFF, MARKET STRATEGIST, 55 CAPITAL, (ENGLISH) SAYING: "Whether it's "Manchester by the Sea" and winning awards, or just taking a market share from other providers, what HBO once did, shaking up the movie business, it looks like Netflix and Amazon are doing across the board, making films, resuscitating television and film franchises based on their data, and repackaging, and reselling the old, as well as inventing the new." Amazon paid $10 million for "Manchester by the Sea" at the Sundance film festival. The movie has earned close to $47 million at domestic theaters, and it will appear later this year on Amazon's Prime Video service.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Amazon, Netflix bask in Oscar glory
Monday, February 27, 2017 - 01:12
Top News »
9:04pm EDT - (2:01)
7:15pm EDT - (1:53)
6:07pm EDT - (2:36)
2:46pm EDT - (1:24)
12:55pm EDT - (1:37)
11:26am EDT - (1:30)
10:24am EDT - (0:50)
9:19am EDT - (2:28)
8:50am EDT - (0:49)
8:22am EDT - (1:27)
Mon, Apr 22, 2019 - (1:12)
Mon, Apr 22, 2019 - (2:18)
Migrant Crisis »
Thu, Nov 15, 2018 - (2:23)
Thu, Nov 15, 2018 - (1:26)
Fri, Mar 16, 2018 - (0:50)
Fri, Dec 22, 2017 - (1:52)
Fri, Dec 22, 2017 - (1:07)
Fri, Dec 22, 2017 - (1:37)
Editors' Picks »
6:07pm EDT - (2:36)
6:06pm EDT - (1:46)
6:06pm EDT - (2:04)
6:05pm EDT - (5:56)
5:34am EDT - (2:34)
Mon, Apr 22, 2019 - (1:12)
Mon, Apr 22, 2019 - (2:25)
Mon, Apr 22, 2019 - (1:03)
Politics »
2:46pm EDT - (1:24)
9:19am EDT - (2:28)
8:50am EDT - (0:49)
Mon, Apr 22, 2019 - (2:18)
Mon, Apr 22, 2019 - (1:41)
Mon, Apr 22, 2019 - (1:12)
Mon, Apr 22, 2019 - (1:22)
Mon, Apr 22, 2019 - (0:39)
Sun, Apr 21, 2019 - (2:16)
Sun, Apr 21, 2019 - (1:48)
Innovations »
12:13pm EDT - (1:32)
7:53am EDT - (1:15)
Thu, Apr 18, 2019 - (1:53)
Thu, Apr 18, 2019 - (1:52)
Wed, Apr 17, 2019 - (1:02)
Wed, Apr 17, 2019 - (0:36)
Wed, Apr 17, 2019 - (1:21)
Wed, Apr 17, 2019 - (1:22)
Tue, Apr 16, 2019 - (1:51)
Mon, Apr 15, 2019 - (1:49)
Entertainment »
1:40pm EDT - (0:58)
7:07am EDT - (2:34)
12:51am EDT - (1:53)
Sun, Apr 21, 2019 - (1:30)
Sat, Apr 20, 2019 - (1:07)
Wed, Apr 17, 2019 - (1:50)
Wed, Apr 17, 2019 - (1:10)
Tue, Apr 16, 2019 - (0:58)
Tue, Apr 16, 2019 - (1:10)
Mon, Apr 15, 2019 - (1:57)
Rough Cuts »
2:46pm EDT - (1:24)
1:52pm EDT - (1:05)
12:55pm EDT - (1:37)
11:26am EDT - (1:30)
10:24am EDT - (0:50)
8:50am EDT - (0:49)
4:50am EDT - (0:30)
Mon, Apr 22, 2019 - (1:00)
Mon, Apr 22, 2019 - (1:31)
Mon, Apr 22, 2019 - (1:12)
Mon, Apr 22, 2019 - (1:12)
Mon, Apr 22, 2019 - (1:22)
Moving Pictures »
Tue, Apr 02, 2019 - (2:01)
Fri, Mar 01, 2019 - (2:19)
Fri, Feb 01, 2019 - (2:27)
Wed, Jan 02, 2019 - (2:29)
Mon, Dec 17, 2018 - (2:17)
Fri, Nov 30, 2018 - (2:45)
Thu, Nov 22, 2018 - (2:41)
Mon, Oct 01, 2018 - (2:30)
Fri, Aug 31, 2018 - (2:23)
Tue, Jul 31, 2018 - (1:44)
Reuters Investigates »
Wed, Oct 11, 2017 - (10:18)
Wed, Aug 23, 2017 - (6:44)
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Dateline Asia »
Mon, Feb 18, 2019 - (1:05)