Anthony Kaufman from Indiewire has more on Netflix's decision to shut down the Red Envelope Entertainment division, Netflix Folds Red Envelope; Exits Theatrical Acquisition and Production Biz. Due to changing marketplace conditions and the natural evolution of Netflix, according to Chief Content Officer Ted Sarandos, the company decided it was time to move on. "The one thing we learned this year is that there's no shortage of produced movies and there's no shortage of money for viable projects," Sarandos told indieWIRE yesterday. "The best role we play is connecting the film to the audience, not as a financier, not... ...
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