Netflix (NFLX) proved this weekend that it is taking a different approach to movie making. The streaming service released its first feature film ‘Beasts of No Nation’ simultaneously online and in a few select theaters across the country, breaking the traditional delay window between theatrical release and video on demand access. The country’s four largest theater chains AMC (AMC), Regal (RGC), Cinemark (CNK) and Carmike (CKEC) have all refused to show the Netflix offering, which has received both critical acclaim and Oscar nods. The hard hitting drama directed by Cary Fukunaga tells the story of a gang of child soldiers in an unnamed African country. The movie opened in only 31 U.S. theaters, taking a mere $50,699, but Netflix announced that it was very happy with the movie’s streaming performance. Consumers will be footing the bill for Netflix’s dive into original content production, with subscription prices going up to $9.99 per month for the company’s standard plan.
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