A year after a streaming service won Hollywood’s top honor for the first time, big-screen spectacles are poised to dominate nominations to the 95th Academy Awards on Tuesday.
from attending for the next 10 years. Though he could have still been nominated, Smith's performance as a runaway slave in “Emancipation” didn't catch on., according to Nielsen, up 56% from the record-low audience of 10.5 million for the pandemic-marred 2021 telecast. This year, ABC is bringing back Jimmy Kimmel to host the March 12 ceremony, one that will surely be seen as a return to the site of the slap.
But larger concerns are swirling around the movie business. Last year saw flashes of triumphant resurrection for theaters, like the success of “Top Gun: Maverick,” after two years of pandemic. But partially due to a less steady stream of major releases, ticket sales for the year recovered only about 70% of pre-pandemic business. Regal Cinemas, the nation's second-largest chain, announced the closure of 39 cinemas this month.
At the same time, storm clouds swept into the streaming world after years of once-seemingly boundless growth. Stocks plunged as Wall Street looked to streaming services to earn profits, not just add subscribers. A retrenchment has followed, as the industry again enters an uncertain chapter. In stark contrast to last year's Academy Awards, this year may see no streaming titles vying for the Oscars' most sought-after award — though the last spots in the 10-movie best-picture field remain up for grabs. Netflix's best shots instead are coming in other categories, notably with animated film favorite “Guillermo del Toro's Pinocchio” and the German submission, “All Quiet on the Western Front.
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