Netflix Nixes RedEnvelope
Wednesday, July 23rd, 2008The LA Times reports today that Netflix will shut down their independent film division Red Envelope. Led by head of acquisitions Liesl Copeland it offered a completely independent channel for distributing DVDs to a base of millions, without studios, no small thing.
This may be the right move financially, but it’s a blow to independent producers considering the few remaining indy film studios are already in bad shape. Copeland acquired a number of award winning films including Born Into Brothels which would not otherwise have reached the audiences they did.
