Netflix ready to move onto the big screen

April 20 (WTN) - Netfilx releases many original films and TV shows annually through streaming service. It has nearly 125 million subscribers. But, all such movies are not considered for Oscar awards as Oscar considers only that films that are released in theaters.

Netflix would like to get some of its movies for Oscar contention or other types of industry awards. So it’s planning to buy movie theaters.

A deal to purchase Landmark, owned by Cuban and Todd Wagner, would give Netflix a footprint of theaters in major media markets across the country. The privately held chain has 53 theatres comprising 255 screens in 27 markets including New York, Denver, Washington and San Francisco, according to its website. The exhibitor has three Los Angeles locations reports Los Angeles Times

Netflix has made a strong effort to land Oscar nominations for its original movies, and a new report suggest the next step could be to buy and own movie theaters: https://t.co/tZ4biZ0PaA pic.twitter.com/JhJuolP00w
— IndieWire (@IndieWire) April 19, 2018