Just a year-and-a-half after winning a Best Picture Oscar for Spotlight, Open Road is now for sale, and likely to be acquired by Tang Media Partners. Another company, Broad Green Pictures laid off their entire production staff and will focus solely on distribution. The major studios have taken over the box office with big, franchise, spectacle-style releases, and Netflix and Amazon scoop up many of the favorite smaller films at film festivals, leaving few choices for other companies to pick up. This weekend will be a test for Megan Ellison's Annapurna Pictures as the company self-distributes Detroit, a dark drama directed by Kathryn Bigelow. The subject matter of the film -- the 1967 race riots in Detroit -- is no doubt relevant today, but it may be a tough sell at the box office.
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Best popular film category proves not so popular The Academy has put its plan to introduce a new category for best "popular" film on indefinite hold. It will go forward with presenting 6-8 awards during commercial breaks in order to streamline and shorten the TV broadcast of the ceremony.
As film festival season begins, Netflix tries to make its mark The Venice Film Festival starts next week, and with it, the unofficial kickoff to awards season. Netflix has had great success racking up awards for television, but so far, not much luck on the film side. This year, the streamer is trying to change that.
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