How Netflix’s ‘Beasts of No Nation’ Could Change the Movie Business

photo: Peter Hapak, Variety

Despite some resistance, Netflix’s entrance into the movie business will be a game changer. Unlike theatrical distributors, whether Disney or Fox Searchlight Pictures, the video-streaming goliath doesn’t need to rely on ticket sales to measure a film’s success. Rather, Netflix makes money through its paid subscriber base, which is 65 million and growing. The Los Gatos, Calif.-based company is moving its Southern California headquarters from Beverly Hills to Hollywood by 2017, doubling its L.A. office space, with plans to occupy 200,000 square feet in the 14-story Icon Building at Sunset Bronson Studios. – Ramin Setoodeh, Variety