Netflix hauled in Oscars but couldn't quite land best picture

[MUSIC] Netflix did really well at the Oscars last night. [NOISE] Pretty well! They did, they did fine! [LAUGH] We'll give them a B minus. Ranking in three awards for Roma in best directing, cinimatography and foreign language film. It did fall short. In a Best Picture win. So for streaming services that big Best Picture win is still up for grabs. Yeah. Yeah. They still haven't snatched Hollywood's biggest ultimate prize quite yet. So Netflix, yeah, they had a good night. They have always gotten a cold shoulder from the Oscars, because of a lot of resistance to their way of releasing films, such as traditionally been you release it For Netflix subscribers online to stream the same day you put it in, like a sprinkling of theaters around the country. Which is really only to qualify for things like the Oscars, ultimately. But they have only won two Oscars up to this point and they've never won in a really big category, really flashy category before. And so winning four total And having Roma win these kind of high profile awards was a big step forward for them, even if they didn't get best picture. A kinda bigger picture here, sorry about that horrible pun, bigger picture, why does it matter for Netflix at all? Yeah All for viewers Yeah To win these awards It's one of the big sticking points for top talent to come to Netflix has been, you know, Netflix more was always like we got a giant check will wave it in front of your face, but that hasn't been enough for everybody, like they missed out on Crazy Rich Asians because The creators didn't just want money. Other movies have been the same way and that top echelon of filmmakers that a lot of subscribers probably wanna see those films, have been resistant because of things like, there is no track record of getting Oscar There's and other elements and so getting these Oscar wins for Alfonso Cuaron and Roma is definitely a step in the direction of appeasing those worries. Wow, we want more than money. Good for them I guess. If you want to read more about these stories, check them out on cnet. I'm Ben Fox Rubin. I'm Joan E. Solsman. Thanks for listening.