The Academy of Motion Picture and Arts and Sciences voted to leave a key rule on eligibility unchanged. This rule allows any film to be considered for an Oscar as long as they have a minimum seven-day theatrical run in a Los Angeles theatre.
“ We support the theatrical experience as integral to the art of motion pictures, and this weighed heavily in our discussions”, Academy’s president John Bailey said in a statement late on Tuesday.
Netflix has become a source of fear for many in Hollywood, with the tech pumping more money than ever into original content.
Reports of U.S Department of Justice letter warning the academy against excluding Netflix earlier this month added further fuel to the flames.