Excluding Netflix and Amazon movies from the Oscars may violate anti-trust laws

Excluding Netflix and Amazon movies from the Oscars may violate anti-trust laws 1
A hot potato: The Academy of Motion Picture Arts and Sciences is having an annual rules meeting later this month. Up for consideration on the agenda is sure to be how movies from streaming services fit into the awarding system (The Oscars), if at all. The DoJ cautioned the Academy that rules discriminating against made-for-streaming movies could violate federal law.

Steven Spielberg has never hidden his contempt for streaming movies calling them nothing more than TV movies eligible for Emmy awards, but not Oscars. Last month, the 72-year-old award-winning filmmaker called for a ban on Netflix, Amazon, and Hulu movies being nominated for Oscars.

The US Department of Justice took note of the movement and warned the Academy of Motion Picture Arts and Sciences that such a ban might violate anti-trust laws by suppressing competition.

The Sherman Act prohibits rival companies from entering into anti-competitive agreements that would hurt the other firm’s sales. These rules include award restrictions.

A spokesperson told Variety that the Academy had received the DoJ’s notice and had “responded accordingly,” but did not specify what actions would be taken. The Academy’s annual rules meeting is set for April 23.

[youtube https://www.youtube.com/watch?v=_hTTvO50QTs?start=291&rel=0&showinfo=0&modestbranding=1&vq=hd720&autohide=1]

One of Spielberg’s complaints is that to qualify for Oscar nominations, some studios that produce content for streaming services have had “token” releases of movies to limited theaters for limited times and have hidden their number of viewers. Some view this as gaming the system and request rule changes that require longer stays in the theater and for studios to divulge their audience numbers.

Netflix and other streaming services are opposed to such rules as they feel it would hinder smaller projects and indie filmmakers from competing for awards in the mega-blockbuster environment. Even Spielberg himself says that today’s studios would rather go with a big-name franchise hit rather than take a chance on a smaller production that is bound to get lost in the noise.

“A lot of studios [today] would rather just make branded, tent-pole, guaranteed box office hits from their inventory of branded successful movies than take chances on smaller films,” said Spielberg (above).

Of course, these smaller productions are being picked up by Amazon, Hulu, and Netflix thus limiting or completely disqualifying (with the possible upcoming rule changes) them from Oscar consideration through no fault of their own.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,411 0.07 % 0.14 % 1.71 %
Ethereum1,965.9 0.01 % 1.96 % 2.96 %
Tether1.001 0.13 % 0.22 % 0.07 %
BNB323.48 0.22 % 1.46 % 8.49 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
XRP0.4059 0.05 % 2.24 % 4.17 %
Binance USD1.002 0.03 % 0.12 % 0.03 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana49.12 0.48 % 3.20 % 8.44 %
Polkadot10.06 0.18 % 3.14 % 5.64 %

Bitcoin (BTC) $ 29,357.00
Ethereum (ETH) $ 1,959.30
Tether (USDT) $ 1.00
BNB (BNB) $ 322.60
USD Coin (USDC) $ 1.00
XRP (XRP) $ 0.404014
Binance USD (BUSD) $ 1.00
Cardano (ADA) $ 0.511212
Solana (SOL) $ 48.89
Polkadot (DOT) $ 10.00