Netflix REALLY Wants an Oscar

Netflix raised their prices earlier this year . . . and if you're wondering what they're spending their extra cash on, it MIGHT be chasing a Best Picture Oscar. Especially after they got so close this past year with"Roma".

According to"The Wall Street Journal", Netflix isspendingmore than $520 MILLION to make three major movies: Martin Scorsese's"The Irishman","Red Notice"starringThe Rock, and"6 Underground"withRyan Reynolds.

There are roughly $151.6 million Netflix subscribers, so the cost of those three together comes out to close to around $3.50 per subscriber.

"Red Notice" and"6 Underground"are just big budget action movies, but"The Irishman"is a monster movie starringRobert De Niro,Al Pacino,Joe Pesci, andHarvey Keitelthat DEFINITELY sounds like solid Oscar bait.

Netflix has invested between $173 million and $200 million in that one alone . . . which is pretty wild for an adult drama in 2019. That comes out to more than $1 per subscriber. But if they want the cred of a Best Picture Oscar, that might be why they're spending through the nose for it.

RJ

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