Prestige Still Matters Morning Consult media and entertainment analyst Kevin Tran’s latest memo explores why video streaming services — which had a quieter morning for Academy Award nods compared with recent years — still need to fight for Oscar wins, even in an era that prioritizes profitability over prestige. New Morning Consult data found that 81% of consumers who usually or always watch the Oscars said the inclusion of recent Academy Award winners and nominees factors into their decision to sign up for a streaming service, compared with 49% of adults who said the same. Read more here: Why Streamers Can’t Ignore Their Troubling 2023 Oscar Odds.
Today’s Top News
A24’s “Everything Everywhere All at Once” led the 95th Academy Award nominations with 11 nods, including best picture, original screenplay and directing. The other films up for best picture at the March 12 ceremony include “The Banshees of Inisherin,” “All Quiet on the Western Front,” “The Fabelmans,” “Tár,” “Top Gun: Maverick,” “Avatar: The Way of Water,” “Elvis,” “Triangle of Sadness” and “Women Talking.” (The Associated Press)
Verizon Communications Inc. ended 2022 with roughly 3.2 million Fios video subscribers in the consumer division, down from 3.6 million at the end of 2021. The company, which reported losing 80,000 net pay TV subscribers in the fourth quarter, has previously blamed such losses on shifting consumer preferences from linear video to online-based streaming. (The Hollywood Reporter)
“Air,” starring Ben Affleck and Matt Damon, will hit theaters on April 5 as Amazon.com Inc.’s first wide theatrical release since 2019. Based on Nike Inc.’s signing of Michael Jordan, the film will reportedly have a longer theatrical release than Amazon Studios’ other recent limited theatrical titles before premiering on Prime Video, with Warner Bros. Pictures in charge of international distribution as part of an agreement with Amazon’s MGM. (Deadline)
Worth keeping an eye on today:
10 a.m. EST: The Senate Judiciary Committee will host a hearing to address monopoly concerns in the live ticketing industry following Ticketmaster’s controversial presale of Taylor Swift’s upcoming “Eras Tour.”
Melina Spadone, attorney for Rust Movie Productions, LLC, confirmed to USA TODAY Monday that filming for “Rust” is on track to be completed with Baldwin in the lead role and with Joel Souza returning as director.
“Blonde,” a biographical film that explores the exploitation of Marilyn Monroe, led this year’s Razzie nominations with eight nods, including one for worst picture, while multiple Oscar winner Tom Hanks landed in the worst actor and worst supporting actor race.
The Sundance Film Festival’s first splashy deal is on the verge of closing a whopping deal for “Fair Play,” the Chloe Domont-directed drama that has electrified the fest since its January 20 premiere in the U.S. Dramatic Competition.
Bumble is putting the phrase “Netflix and Chill?” to the test with the launch of a weekly in-app Netflix-themed question game called “Netflix Nights In” that asks users questions about a popular Netflix show. Users can play against their match to see who can answer all the questions correctly.
Meta is expanding its partnership with the NBA and WNBA to offer more than 50 live games in VR on Meta Quest, the company announced on Monday. The Meta Quest is the official headset of the NBA, as the company signed a deal with the league back in 2020.
Apple Inc.’s long-anticipated mixed-reality headset is an ambitious attempt to create a 3D version of the iPhone’s operating system, with eye- and hand-tracking systems that could set the technology apart from rival products.