Oscar nominations show big drop for streamers Netflix, Apple and Amazon
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The 2023 Academy Award nominations came out Tuesday morning, and along with multiple nods for box office titan Top Gun: Maverick, and the multiverse extravaganza Everything Everywhere All at Once, the announcements showed a drastic change in the presence of streaming video services among this year's nominees.
Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL), arguably the three-biggest names in the streaming industry, collectively scored a total of 19 Oscar nominations this year--or, barely half the 37 nominations the three garnered in 2022. This year's decline came just one year after Apple (AAPL) won the Best Picture Oscar for CODA, and Netflix (NFLX) could claim a Best Director victory with Jane Campion's win for The
Power of the Dog.
This year, the Academy gave 16 nominations to Netflix (NFLX) films, with nine of those going to the latest remake of All Quiet on the Western Front. The German-language production scored nominations for both Best Picture and Best International Feature Film.
However, All Quiet was the only film from a streamer to get a Best Picture nomination. And altogether, Netflix's (NFLX) nominations declined from 27 a year ago.
For its part, Apple (AAPL) received only two Oscar nominations this year, with one of those for Bryan Tyree Henry in the Best Supporting Actor category for Causeway. Amazon (AMZN) got only one nomination, and that was in the Best International Feature Film category for Argentina, 1985.
While the streaming leaders saw their chances of putting Oscars in their trophy cases decline, traditional movie studios raked in the nominations this year.
Everything Everywhere All at Once, distributed by independent studio A24, led all pictures with 11 Oscar nominations, including Best Picture, while The Banshees of Inisherin, which was distributed by Walt Disney's (DIS) Searchlight Pictures, took in nine nominations, with one of those also in the Best Picture category.
Paramount's (PARA) Top Gun: Maverick, which was 2022's box office kingpin with almost $1.5B in worldwide ticket sales, got a total of six nominations, including one for Best Picture.