Oscars Announce New Theatrical Requirements for Best Picture Contenders

Best Picture nominees must play for 7 days in 10 of the top 50 U.S. markets within 45 days of release to qualify.
The new rules aim to prioritize theatrical experience over streaming.
Smaller films may struggle to meet expanded release requirements.
Netflix and other streamers will need to adjust release strategies to be eligible.
New rules go into effect for 2024 Academy Awards.