This only complicates the hands of major film festivals, who had plans to heavily rely on Netflix content if they would ever go digital. According to Thompson, Netflix choosing to sit this one out and not submit any of their Oscar-bait titles to fall fests has angered many Festival directors. No surprise there, we are most probably going to see a very different edition of these fests, Venice has hinted at doing a more local edition this year, whereas TIFF is said to be doing the same, but with a digital side added for non-locals. This is actually a major win for Netflix as they can now continue the inevitable industry transition from theatrical to streaming, especially in a year when the Oscars and Golden Globes have already changed their rules for eligibility, allowing streaming titles to qualify without a theatrical release.
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