Netflix has done a wonderful job of securing the position of one of the best streaming platforms in today’s world. It was a long journey with several obstacles but we could also witness some wonderful milestones achieved.

While the Oscar awards are just around the corner, Netflix has outhustled some of the leading empires and studios. It is ahead in the race with a total number of 24 nominations.

Exceptional performance in getting ahead of some legacies such as The Walt Disney, which has now collaborated with 20th Century Fox and Fox Searchlight, could secure 23 nominations and Sony Pictures which could get hold of 20 recommendations.

The Journey and the shortcomings

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Source: Forbes

Netflix’s first Oscar nomination in the year 2014 and in the year 2017 it had received its very first Oscar award. It has spent close to 15 billion dollars in the year 2019 on production and it plans on expanding its business capital in the coming years.

The biggest contributors in this year’s nominations are The Irishman and Marriage story which earned 10 and 6 nominations in that event.

The present-day scenario showcases a stiff competition between the various platforms such as NBC’s peacock, Amazon Prime, and Disney+. But at the same time, Netflix also features films which have been decorated with the Oscar awards previously.

With some classic hits such as Friends and The Office leaving the platform it is hard to keep up. Therefore the Oscar Awards are a plus to the platform.

The statistics this year are a bonus to the platform. Therefore several filmmakers would choose Netflix as a platform to stream their movies as it would provide them a good, active and wide audience.

Are you excited to watch the Oscar awards ceremony and predict how many awards can Netflix grab this year? Let us know your predictions in the comment section below!

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