(Boston Herald) – Just days after Netflix surprised Hollywood with a deal for a “Crouching Tiger, Hidden Dragon” sequel, the streaming service walloped showbiz all over again with Adam Sandler.
While the impact of both developments is subject to debate, this much is clear: After several years of challenging the TV business, Netflix has now taken aim at the movie industry as well. And given how effectively it has established itself competitively to TV, it’s a threat to be taken seriously.
The movie business finds itself today at the same juncture the TV industry was at in 2011 when Netflix set up “House of Cards”: the studios have woken up to discover they don’t have the field to themselves anymore. Talent can take the ball with them over to Netflix if they don’t like how the game is being played, as Kevin Spacey did.
But imagine if “House of Cards” had lured an even bigger name over from TV like James Gandolfini. That’s how big a move Netflix has made here in the movie business (though it wouldn’t have been possible without the track record accomplished on the TV side).