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Netflix is closing Red Envelope Entertainment, its film purchasing and distribution arm, because "...the Red Envelope Entertainment unit competed with its main suppliers, Hollywood studios." This is a big bummer, actually. Two of the movies that Red Envelope produced, Sherrybaby (a movie about an irresponsible mom on parole starring Maggie Gyllenhaal and Danny Trejo) and Confessions of a Superhero (a documentary about the people who dress up like superheroes and stand around Hollywood Boulevard taking pictures with tourists for tips) were among my favorites of the last few years. They had a distinctly un-big-studio pacing and sensibility that I'll genuinely miss. Red Envelope also distributed that Helvetica movie that everyone went nuts about a few months ago, as well as a ton of other documentaries and little indie dramas. I... [read full story]
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Tuesday July 22, 4:58 pm ET By Staci D. Kramer This falls into the Casablanca category as in the police captain being "shocked" to find gambling going on at Rick's ... Netflix (NasdaqGS: NFLX - News) is closing its nascent Red...
Netflix is shuttering its nascent film financing unit, Red Envelope, saying the division competed with its main suppliers, Hollywood studios. Founded two years ago, Red Envelope was a significant festival buyer and invested in...
Netflix is shutting down Red Envelope Entertainment, its department that invested in low-budget and documentary films. The company said it was shuttering the unit, which employed four people, because it competed with Hollywood...
Netflix is shutting down Red Envelope Entertainment, its department that invested in low-budget and documentary films. The company said it was shuttering the unit, which employed four people, because it competed with Hollywood...
NEW YORK (Hollywood Reporter) - In a move that could have a big impact on indie film sales and distribution, online film rental service Netflix is shuttering its film financing and acquisition arm Red Envelope Entertainment....
The independent-film slaughterhouse revved back into action this morning with news that Red Envelope Entertainment, the acquisitions and financing division of Netflix, shut its doors after three years. The division helped...
Company's distribution, production co. to close Netflix is exiting the theatrical distrib and production biz, shuttering its Red Envelope arm after a nearly three-year experiment. Red Envelope released more than 100 films in...
Netflix closing down their Red Envelope Entertainment division Movie-rental service Netflix has announced that they are now closing down their Red Envelope Entertainment division. Red Envelope Entertainment was launched by the...
By ANICK JESDANUN AP Internet Writer Posted: Today at 5:21 p.m. NEW YORK — The movie-rental service Netflix Inc. is closing a small unit that finances independent movies, partly to avoid competing with Hollywood studios with...
NEW YORK - The movie-rental service Netflix Inc. is closing a small unit that finances independent movies, partly to avoid competing with Hollywood studios with which it partners for DVD and Internet distribution. The financial...

