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Hollywood strikes back against streaming
Big studios are betting that cinemas will rebound fully from the pandemic, but some fear for the future of smaller budget films
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This year’s Academy Awards arrive as Hollywood studios are suffering from years of cheap-money investment in their streaming operations.
PHOTO: AFP
Christopher Grimes
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After three of the worst years on record in the movie business, there was an almost palpable sense of relief in Hollywood when two bona fide blockbusters appeared on this year’s list of best picture nominees for Sunday’s Academy Awards.
The academy has often overlooked big commercial films in favour of recognising capital-C cinema. But the nominations this year of Top Gun: Maverick Avatar: The Way Of Water
