Netflix Might Finally Achieve the Milestone It Has Long Coveted
When Netflix (NASDAQ: NFLX) popularized internet streaming video more than a decade ago, the company set off a chain of events that forever changed the way the world consumes entertainment. The streaming giant has been viewed as a contributing factor for everything from the rise in cord-cutting to the decline in movie theater attendance.
While consumers flocked to Netflix, the movie industry's old guard has circled the wagons and strongly resisted bringing the streaming pioneer into the fold. Netflix was barred from the prestigious Cannes Film Festival, and major theater chains have boycotted movies it has produced. Even after producing strong contenders, Netflix has never won a best picture Academy Award, which some chalk up to prevailing old-world attitudes among the voters.
That might be set to change as we close out 2019, as Netflix has released one of its most high-profile films to date. The movie could finally win the company the respect it craves, and it might just end Netflix's best-picture drought.
Source Fool.com
