Amazon, Netflix grab a share of Oscar glory
By Lisa Richwine
LOS ANGELES (Reuters) - Silicon Valley crashed Hollywood's biggest awards show on Sunday as Amazon.com Inc (AMZN.O: Quote) and Netflix Inc (NFLX.O: Quote) collected the first Academy Awards for streaming services while independent studio A24 won the coveted best picture Oscar.
After upending television with acclaimed online series, Amazon and Netflix joined the ranks of the film industry's elites with four gold statuettes between them.
Amazon Studios, a unit of e-commerce giant Amazon.com, scored a best actor trophy for Casey Affleck's portrayal of a grieving man in "Manchester by the Sea." The movie also won best original screenplay.
Amazon's other accolade came for best foreign language film for Iranian drama "The Salesman," which Amazon distributed in the United States and Canada.
Netflix triumphed in the documentary short-subject category for 40-minute film "The White Helmets," a look at rescue workers in war-torn Syria.
But A24, a small independent studio founded in 2012, won the most prestigious award of the night with its best picture Oscar for "Moonlight," a drama about a gay black youth coming to terms with his sexuality in an impoverished Miami neighborhood.
The movie was produced for $1.5 million, a tiny budget by Hollywood standards.
The filmmakers thanked A24 for taking a chance on the coming-of-age tale. Continued...