The Academy of Motion Picture Arts and Sciences announced significant rule changes on Wednesday that will require all films to receive a minimum theatrical release of 14 days in at least two major markets to qualify for Best Picture consideration. The changes, effective for the 2027 Oscars, represent a shift from policies adopted during the pandemic.
"Cinema is fundamentally a communal experience, and the Academy reaffirms its commitment to the theatrical exhibition that has defined our art form for over a century," said Academy President Janet Maslin in a statement.
The changes will primarily affect Netflix, Amazon Prime Video, and Apple TV+ productions, which have increasingly competed for major awards through streaming releases. Netflix alone has won 15 Oscars since relaxing its theatrical requirements in 2020.
"This is a disappointment for filmmakers who have embraced the flexibility of streaming distribution," said Netflix Chief Content Officer Bela Bajaria. "However, we respect the Academy's right to establish its criteria and will work with our production partners to ensure theatrical releases where appropriate."
Industry analysts noted that the changes may benefit traditional studios while limiting the awards ambitions of streaming services. "The theatrical requirement adds significant cost to distribution and may make some ambitious streaming projects economically unviable," said B. Riley Securities analyst Eric Handler.