Oscars 2022
Although movie theatres around the world are reopening, upcoming films are still being impacted due to the pandemic. As a result, the 2022 Academy Awards have taken these factors into consideration and are allowing movies to go straight to streaming and still be eligible for the Oscars. The film industry took a huge hit during the pandemic, and unfortunately, it is still being affected although more theatres are reopening. Movie theatres in the U.S. began reopening months ago with limited capacity, while other countries around the world are still closed or just beginning to reopen. Only films that were previously intended for theatrical release will be eligible for the streaming rule. Therefore, traditional TV movies will not be eligible for the annual event.
In order to qualify, the movies must have a release date that is between March 1 and Dec. 31, 2021. Another notable factor is that the Oscars plans to extend these eligibility requirements for the 95th Oscars. Plus, an additional substantial change that the ceremony will be implementing is a permanent 10 nominees for best picture, as opposed to fluctuating between eight and nine in the category. The change was established as part of the new equity and inclusion plans put forth by the Academy. While there are many positive changes being made to the annual event, the viewership for the 93rd awards ceremony took a huge hit in April at a record low of 10.4 million viewers compared to the previous year of 23.6 million viewers. Considering the entire pandemic awards season (mostly virtual) took a hit, it is still hard to imagine a 56% plunge in viewership. Although the pandemic has seemed to be a contributing factor to the change in viewership, as people are either unaware or uninterested–the Oscars viewership has been slipping for the past decade. With the Oscars allowing movies to skip theatrical releases for the second year in a row, it is a great advantage to streaming. This is a testament to the streaming platforms that have truly revolutionized the industry.
When is the Oscars?
The 94th Oscars ceremony will be delayed a month–originally scheduled on Feb. 27, the annual show will now be pushed to March 27, the Academy of Motion Picture Arts and Sciences announced. The awards ceremony will take place at the Dolby Theatre and will be airing live on ABC. Oscar nominations for the 2022 event will be announced on Feb. 8.
Can Streaming Movies Be Nominated for an Oscar?
Due to the COVID-19 pandemic, the Academy of Motion Picture Arts and Science will be allowing movies that were released on streaming services to qualifying for the 2022 Oscars. However, this doesn’t mean that every movie on streaming platforms will qualify for the 2022 Oscars. In order to be eligible for the awards ceremony, the movies must have a release date that is between March 1 and Dec. 31, 2021. Although streaming platforms have certainly revolutionized the film industry, there is nothing quite like heading to the actual theatre, seeing the latest releases on the big screen. As more Americans are getting fully vaccinated, there are still many individuals who are still partaking in safety precautions. Movie theatres are also enforcing a safe return to the theatres, doing everything possible to make guests feel safe with mask reminders and hand sanitizing stations just about everywhere. But on June 15, California movie theatres will be able to operate at full capacity just in time for the summer movie season. Whatever your preference is, though, one great thing about the current industry is that you can watch new releases in the comfort of your own home or back in the theatre.
About Vedette Finance
Vedette Finance, founded in 2012, is a film development and finance company, with a wide-reaching international network of finance and talent. The company’s fundamental objective is to develop its premium value slate, creatively, and structure the financing, to maintain a steady output of high-quality film releasing. With expansive assets in finance and intellectual property, CEO and Founder, Tarek Anthony Jabre, is heading numerous film projects, at all different stages of production. Vedette Finance continues to grow it’s fund; allocated and directed towards a diversified slate of films. The fundamental aim is to maintain consistent delivery of high-end product, quality, and financial return; by syndicating and partnering with those of the highest expertise and experience in the entertainment industry. For more information on Vedette Finance, visit our contact page.