Inglés - C1.3 - The Origin of the Oscars

Study Notes

The Oscars are facing the question of whether anyone will watch this year's ceremony.
The Academy Awards were founded by Louis B. Mayer, who built Metro-Goldwyn-Mayer.
The movie industry was founded by Eastern European Jews who saw potential in film.
Mayer bought the New England rights to "The Birth Of A Nation" and pawned his wife's jewelry to do so.
The Academy Awards were created to help coordinate the industry's dealings with unions and stroke the egos of movie stars.
The first Academy Awards ceremony was more of an industry dinner party with no media present.
By the mid-1930s, the awards were being broadcast on radio, and it became a highly produced, self-congratulatory spectacle.
Netflix has become a juggernaut in the entertainment industry, unlike the traditional studio model.
Streaming services can continuously make money from subscriptions, while traditional studios rely on physical theater attendance.
The entertainment industry is experiencing another shift, with streaming services vying for control of the silver screen.
Netflix has become a major player in the film industry, using its vast resources to hire big-name filmmakers and launch extensive Oscar campaigns.
For the second year in a row, Netflix has received more Oscar nominations than any other studio or streaming platform.
The Oscars are seen as a way for studios and streaming platforms to signal their legitimacy and attract high-level talent.
The originators of the Academy Awards would likely not enjoy the movies being nominated today.
However, they would be interested in the business side of the industry and how to compete with companies like Netflix and Amazon.
Netflix and Amazon's strategy of outspending the competition is reminiscent of Louis B. Mayer's tactics.
Mayer may have sided with the streaming companies in this fight.
The Oscars serve as a star-studded advertisement for films.
Netflix's success at the Oscars is a reflection of its growing influence in the industry.
The film industry is changing rapidly, with streaming platforms like Netflix and Amazon disrupting the traditional studio system.