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On the heels of Netflix‘s historic first Best Picture nomination at the Oscars, the streaming giant may be taking big steps to becoming a major player in the movie business.
Netflix may join the Motion Picture Association of America, the Hollywood body responsible for the film rating system as well as copyright protection. All six major studios in Hollywood are currently represented at this trade association, and Netflix joining MPAA would make it the first streaming service to make that leap.
Variety - Reports - Netflix - Talks - MPAA
Variety reports that Netflix is in advanced talks to join the MPAA, cementing its status as a major industry player rather than just a disruptor. The MPAA currently has six major studios as members, including Universal Pictures, Paramount Pictures, Warner Bros. Pictures, Walt Disney Pictures, Sony Pictures, and 20th Century Fox. However, with the oncoming acquisition of Fox by the Walt Disney Company, the MPAA is facing the loss of one of its legacy members, 20th Century Fox. And now Netflix may be stepping up to take its place.
As first reported by Politico, Netflix is currently going through negotiations to join its exclusive membership. Each members pays annual dues between $15 million to $20 million per year, but we...
(Excerpt) Read more at: /Film
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