Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

2013 Best Picture Nominees: What ‘Philomena’ Means to Netflix, Inc.

By Tim Beyers - Mar 1, 2014 at 7:55AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

A deal with The Weinstein Company will bring the four-time Oscar nominee and past winners to the streaming service in the coming years. Will having an award-winning library help Netflix, Inc.?

Co-star Steve Coogan is also up for Oscar honors in the adapted screenplay category for his part in writing Philomena. Sources: Facebook, The Weinstein Company.

The Weinstein Company may be Hollywood's best when it comes to backing Oscar contenders that also boast commercial appeal, Fool contributor Tim Beyers says in the following video.

Just look at history. The studio's earlier "Best Picture" winners include The King's Speech and The Artist. This year, Philomena is up for the honor. Starring Judi Dench as a mother on a search for the son she was forced to give up in her youth, the film has a shot at four Oscars:

* Best Picture
* Best Actress (Judi Dench)
* Best Adapted Screenplay (Steve Coogan and Jeff Pope)
* Best Original Score

Financially, Philomena earned $51.6 million in overseas territories. Here in the U.S., 31.8% of the film's $33.1 million gross came after its nomination to the "Best Picture" list. All told, the film spent nearly 14 weeks in theaters. More than enough to turn a profit.

Philomena's tiny budget didn't hurt. The film's producers spent just $12 million to make the film. Figuring another $12 million for marketing and distribution puts box-office break-even at just $24 million vs. an estimated $42.4 million in receipts after payments to theaters. A win in any category would be gravy at this point.

But again, we've seen this from The Weinstein Company and its partners before. Last year, Silver Linings Playbook earned an estimated $38 million above production and marketing costs, and took home a Best Actress Oscar for Jennifer Lawrence in the process. The record may explain why Netflix ( NFLX ) paid up for a streaming agreement with the Weinsteins, who called it the "biggest deal" in the studio's history.

Members should begin seeing first-run Weinstein Company releases in 2016, though a number of the studio's foreign titles are already available on Netflix. Philomena, which enjoyed backing from the BBC, should join the catalog soon enough.

Now it's your turn to weigh in. How do you rate Philomena's chances at the Oscars? Did you see the film? Please watch the video to get Tim's full take and then leave a comment to let us know where you stand, and whether you would buy, sell, or short Netflix stock at current prices.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Netflix, Inc. Stock Quote
Netflix, Inc.
NFLX
Meta Platforms, Inc. Stock Quote
Meta Platforms, Inc.
FB
Starz Stock Quote
Starz
STRZA

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
656%
 
S&P 500 Returns
144%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/01/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.