Steven Spielberg is speaking out on Netflix’s threat to the movie business.
The decorated director believes any films produced by the streaming giant don’t deserve to compete at the Academy Awards.
“I don’t believe that films that are just given token qualifications, in a couple of theatres for less than a week, should qualify for the Academy Award nominations,” he told ITV News.
He added that Netflix films “deserve an Emmy, but not an Oscar.”
For the 2018 Academy Awards, Netflix’s “Mudbound” earned multiple nominations, including Best Supporting Actress and Best Adapted Screenplay.
“Fewer and fewer filmmakers are going to struggle to raise money,” he continued, “or to compete at Sundance and possibly get one of the specialty labels to release their films theatrically. And more of them are going to let the SVOD [Streaming Video On-Demand] businesses finance their films, maybe with the promise of a slight, one-week theatrical window to qualify for awards. But, in fact, once you commit to a television format, you’re a TV movie.”
Spielberg’s latest film, “Ready Player One”, is in theatres now.