Netflix has shelled out some $12 million for Cary Fukanaga’s gripping feature, Beasts of no Nation, which stars Idris Elba as a war lord leading a group of child soldiers. Rameen Setoodeh writes in Variety about how this and other Netflix projects may shake up what’s traditionally been called the “movie busienss” and leave it barely recognizable.
“Unlike theatrical distributors,” the article states, “whether Disney or Fox Searchlight, the video-streaming goliath doesn’t need to rely on ticket sales to measure a film’s success. Rather, Netflix makes money through its paid subscriber base, which is 65 million and growing. ‘There’s no theatrical revenue expectation in our business model on any movie,’ says Netflix’s chief content officer Ted Sarandos, who has been on a features buying spree (he’s expected to spend more than $500 million on original content next year).
“Exhibitors have long fought to preserve a 90-day window as the period between a movie’s theatrical release and availability in homes. But as a sign of the times, Paramount has convinced some chains to agree to a substantially shortened window for two of its fall releases, “Paranormal Activity: The Ghost Dimension” and “Scout’s Guide to the Zombie Apocalypse,” in exchange for a cut of the VOD revenue.”