- General
- February 10, 2019
- 5 minutes read
Netflix Reportedly Scoops Up Cortez Campaign Documentary For $10 Million
Rep. Alexandria Ocasio-Cortez image : Dimitri Rodriguez on Flickr Knock Down The House, a campaign documentary featuring U.S. Representative for New…
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| Rep. Alexandria Ocasio-Cortez
image : Dimitri Rodriguez on Flickr
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Knock Down The House, a campaign documentary featuring U.S. Representative for New York’s 14th congressional district, Alexandria Ocasio-Cortez, was reportedly acquired by Netflix for $10 million, after receiving the prestigious Sundance Festival Favorite Award. Deadline reports this price, noting of the price being the highest amount ever, brokered for a documentary at a film festival.
Netflix beat competition from Amazon, Hulu, Focus and NEON to acquire the documentary, Deadline says. Along with Cortez, the documentary features campaign stories of congresswomen Cori Bush, Amy Vilela and Paula Jean Swearengin. This furthers Netflix’s hefty spend on content, as it races to keep users on its platform with exclusive titles, amid competition from the likes of Amazon Prime Video, Hulu and Disney’s upcoming streaming service.
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| Netflix CEO Reed Hastings
image : Neil Hunt on Flickr
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In recent times, Netflix has acquired titles like Evangelion, animated feature Pachamama, Nollywood movie Lionheart, sci-fi thriller I Am Mother, Zac Efron’s Ted Bundy, Richie Mehta’s Delhi Crime, The Devil All the Time, French period drama Mademoiselle de Joncquières and Chronicles of Narnia.
Los Gatos, California based Netflix issued a $2 billion bond in October to invest in content production. It spent a high $12.94 billion in cash on content in 2018 and could spend up to $15 billion this year alone.
