by bombcar 17 hours ago
It’s only older contracts and studio holdovers that are preventing simultaneous release (which has already been done at times).
I believe the Academy Awards and a few other things too also influence this. The rules to be eligible still very much favor legacy studios IIRC. But, with this that may change? Hard to say. I know that quite a few Netflix movies have had theatrical runs at random mom and pop theaters in Cali so they could meet eligibility requirements for the various awards.
A current example (although not Netflix) is The Secret Agent with an award qualification run in NYC and LA before wider release.
Now I'm envisioning WB movie pass combined with streaming subscriptions. The business models can get quite funky in this paradigm.