Chapter 17New Media—New Model—As Significant as the Majors

With the evolution of Netflix, Amazon Studios, Hulu, and YouTube into global distribution platforms, with other companies to follow, the streaming services have proved themselves to be significant buyers in the mainstream movie world. The Internet titans now attend film markets and film festivals that have evolved concurrently into film markets, like Sundance, Toronto, and Cannes, and compete with the major and mini-major studios to acquire filmed entertainment content.

In 2016 at the Sundance Film Festival, Amazon expanded the company’s catalogue and outdid Fox Searchlight, Focus Features, and other studios by procuring one of the hottest films at the festival, Manchester by the Sea ...

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