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Netflix’s ‘Frankenstein’ wins three Oscars, ‘KPop Demon Hunters’ wins two

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Why This Matters

Netflix's success at the Oscars with films like 'Frankenstein' and 'KPop Demon Hunters' highlights the growing influence of streaming platforms in the film industry. Their recognition across multiple categories signals a shift in industry prestige and consumer interest toward streaming-produced content. This trend could reshape how studios approach film production and distribution in the future.

Key Takeaways

In Brief

Two Netflix films, “Frankenstein” and “KPop Demon Hunters,” won multiple Academy Awards tonight.

Director Guillermo del Toro’s reimagining of “Frankenstein” won for Best Production Design, Best Costume Design, and Best Makeup and Hairstyling, while Netflix’s most-watched movie ever “KPop Demon Hunters” won for Best Animated Feature and Best Original Song.

In recent years, films produced and distributed by streaming companies have become a steady presence at the Oscars, with “Roma,” “The Power of the Dog,” and “All Quiet on the Western Front” winning major awards. However, the biggest prize seems to remain out of reach for Netflix — Apple’s “CODA,” released near the height of the pandemic, remains the only streaming film to win Best Picture.

Host Conan O’Brien even noted the presence of Netflix co-CEO Ted Sarandos at the beginning of the ceremony, joking, “This is exciting: It’s his first time in a theater!”

“Frankenstein” was nominated for nine Oscars, including Best Picture and Best Supporting Actor. Netflix’s “Train Dreams” and Apple’s “F1” (which won for Best Sound) were also nominated Best Picture, but that award went to “One Battle After Another.”