From the industry trade paper The Hollywood Reporter discussing how Netflix is revolutionizing how films are made and distributed: “But other industry players argue that Netflix should be celebrated, not condemned, for backing the type of movies that have become nearly impossible to finance using the old model, which combined a theatrical release with revenue from TV sales and home video. With home video gone, TV revenue down and the theatrical business dominated by studio tentpoles, Netflix is one of the few entities willing to finance non-mainstream movies.”
Netflix’s acclaimed and Oscar nominated 2016 film Mudbound was never released on DVD or blu ray (although I have a copy on DVD sent to me when I was on the 2016 SAG nominating committee), an indication that home video revenue is no longer necessary in the age of streaming and downloading. The acclaimed 2017 film Beatriz At Dinner didn’t even merit a blu ray release although it got a quiet DVD release. Another reason to be grateful to Twilight Time, Warners Archives, Kino Lorber and Criterion for swimming against the current in a dying industry. Of course, there are those who will counter that streaming and downloading is home video (or at least a form of it) but those of us who delight in holding those silver discs in our sweaty little palms know better.