Netflix didn’t win Best Picture for Roma as had been widely predicted, but that doesn’t mean the streaming giant’s Oscar dreams are at an end; it’s only getting started. Roma won four Academy Awards Sunday night, including Best Director and Foreign Film. The reason why Roma ultimately came up short for the Academy’s top honor remains a matter of debate, but what is indisputable is that between its Oscar wins this year and recent admission into the MPAA, Netflix is now a fully fledged member of the Hollywood elite. And it’s here to stay.
The streaming platform may have first made waves in the TV realm by creating its own acclaimed original series, but Netflix has long craved the respect (and, yes, the awards glory) shown to Hollywood film studios. Given the sheer volume of movie content on its platform, the relentlessness of its announcements of new titles, and the overall lackluster quality of many of the original films they’ve so far released, Oscar gold certainly goes a long way to dispel the notion that Netflix is just a dumping ground for films that couldn’t cut it theatrically.
Source: IGN.com What Roma’s Oscar Wins Mean for Netflix’s Future