Cultura Voice

Is Netflix Getting Out of the Film Business? Subscribers watching licensed and original television series’ content on Netflix account for more than two-thirds of viewing time. Series viewership outpaces overall growth mainly because Netflix has dedicated vast resources to becoming a content producer rather than remaining only an aggregator. Although Netflix has acquired rights to a modest number of films at Sundance, Cannes, and TIFF, their U.S. film streaming library remains weak. Technology Company to Motion Picture Production For every $8 per month Netflix collects from its 100 million subscribers, between $6-7 is spent on content production and licensing. More than half of these content costs now fuels Netflix original programming, which has soared. The size of Netflix’s film library has steadily decreased over the last two years. Currently, on the U.S. site, less than 25 out of the top 250 films rated by IMDB are available. Conversely, HBO has licensed over ...

Presales UK-based distributor Picturehouse acquired distribution rights to US-set crime-drama Out Of Blue . Carol Morley is directing the film; production starts this autumn in New Orleans. The film is based on Martin Amis’s detective novel Night Train, Patricia Clarkson will star as homicide detective Mike Hoolihan. Japanese filmmaker Naomi Kawase’s next feature Vision stars Juliette Binoche who plays a journalist on the trail of a rare herb in rural Japan. Haut et Court acquired rights in France. Paris-based Wild Bunch represents the film’s international distribution rights. Production starts immediately. TIFF Take Monday: Hot Films, Distribution, Streaming, and more »» New Distributors New independent distributor Greenwich Entertainment is open for business. The company will focus on art-house and foreign films for release in North America. Greenwich Entertainment, the New York-based distributor, was launched by Ed Arentz, former managing director of Music Box ...