As per reports, the Walt Disney Company Searchlight Pictures won the best picture trophy for “Nomadland” at the Oscars, marking the fourth time in eight years the studio has collected the film industry’s most prestigious recognition.
The victory for Searchlight Pictures “Nomadland” left Netflix Inc without the top Academy Award for the third straight year. Netflix’s two movies “The Trial of the Chicago 7” and “Mank,” had been nominated for best picture in a year.
Disney bought Searchlight in 2019 when it bought most of the film and TV businesses owned by Rupert Murdoch’s 20th Century Fox. Some Hollywood filmmakers raised concerns that Disney’s focus on big franchises such as Marvel and Star Wars, might harm its commitment to the adult dramas that are Searchlight’s specialty.
However, Disney’s Executive Chairman Bob Iger recently told The New York Times that the company plans for Searchlight “to play a big part in supplying content” for Disney’s streaming platforms and theaters.
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.
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