Netflix Aims for Oscars Glory with Theatrical Release of Lee Chang-dong’s ‘Possible Love’

In a strategic move to boost its awards chances, Netflix has confirmed a theatrical release for Lee Chang-dong’s highly anticipated film ‘Possible Love’. The Korean auteur’s first feature in eight years, ‘Possible Love’ will premiere at the Venice and Toronto film festivals before receiving a limited theatrical release in select territories.

The film, which was financed by Netflix as an original production, will open in Korean theaters on September 23, followed by Australia on October 22, and the U.S., Canada, UK, Ireland, and Japan on October 23. The theatrical release dates suggest that Netflix is giving the film an awards push, as it will qualify for the Best International Feature category at next year’s Academy Awards, as well as for other categories.

Lee’s ‘Possible Love’ follows two married couples – a laid-off worker and his wife, and a documentary filmmaker and her husband – whose paths cross when the filmmaker sets out to film them, bringing both marriages face to face with their different lives and hidden desires. The strong ensemble cast is headed by Jeon Do-yeon, Sul Kyung-gu, Zo In-sung, and Cho Yeo-jeong.

Watched on the big screen, the film will then be streamed worldwide on Netflix from November 6. The theatrical release is a significant move by Netflix, as it aims to increase the film’s visibility and credibility among awards voters. By giving the film a limited theatrical release, Netflix is also hoping to capitalize on the prestige associated with a traditional cinematic experience.

The move is also a testament to Netflix’s growing commitment to supporting independent filmmakers and promoting quality content. In recent years, the streamer has produced a number of critically acclaimed films, including ‘The Two Popes’ and ‘Roma’, both of which received widespread critical acclaim and earned several awards nominations.

‘Possible Love’ will premiere in competition at this year’s Venice film festival and has also been selected for the Special Presentations section of the Toronto International Film Festival. The film’s awards prospects are likely to be boosted by its strong ensemble cast, as well as its thought-provoking and timely themes.

As Netflix continues to push the boundaries of what is possible in film production and distribution, it is clear that the streamer is committed to supporting innovative and talented filmmakers like Lee Chang-dong. With ‘Possible Love’, Netflix is hoping to make a significant impact on the awards season, and it will be interesting to see how the film performs at the Oscars next year.