Oscar nominations don’t have the most direct effect on movie stocks, but the key theme that can be drawn from the 2021 nominees this morning is the major move from streaming services in cinema’s lost year.
Netflix drew the most nominations of any distributor, with a company-record 35. That was led on a picture-by-picture basis by Netflix’s Mank, which topped all films with 10 total nominations including best picture, best director, and best supporting actress.
Source: https://seekingalpha.com/news/3672777-streamers-lead-oscar-nominations-after-cinemas-lost-year