On the same day Netflix scored its first best picture nomination from the Oscars, the streaming company is also joining the lobbying group the Motion Picture Association of America.
The MPAA declared Tuesday that Netflix will join its ranks, becoming the first streaming service to do so. The only other members of the MPAA are the six major studios.
One of the MPAA’s chief aims is to combat piracy, which is a concern for Netflix as it continues to expand its footprint overseas. Netflix, though, doesn’t use the MPAA’s ratings system to stamp its films PG-13 or R, for example.
The MPAA is mostly uninvolved in theatrical window debates, an ongoing dispute that has put Netflix at odds with theater owners.
The trade group is set to lose one member this year when 20th Century Fox is attained by the Walt Disney Co.
Netflix on Tuesday landed 15 Academy Awards nominations, counting best picture for “Roma.”
Netflix, (NASDAQ: NFLX) was trading -23.92% away from its yearly high level, during the last trading session. The last session’s volume was 13,219,922 compared to its average daily volume of 14.11M shares. The company has its outstanding shares of 454.20M. The Servicesstock showed a change of -1.90% from opening and finally closed at $321.99 by scoring -0.97%.