Netflix Makes Oscar History -- Again

The annual release of the list of Academy Award contenders always brings a few surprises, and the roster that dropped on Monday morning was no exception. Netflix (NASDAQ: NFLX) helped add an element of drama to the proceedings this year, making Oscar history by becoming the first streaming platform to earn more nominations than any traditional Hollywood movie studio going into the industry's most prestigious awards ceremony.

Netflix has long sought the distinction of a best picture win at the Oscars, but has yet to achieve this lofty goal. Last year, Alfonso Cuaron's Roma nabbed several of the Academy's major awards -- including best director, best cinematography, and best foreign-language film -- but thus far, the top honor has been elusive.

Is this the year Netflix finally takes home its most coveted prize?

Source Fool.com