‘Past Lives,’ ‘American Fiction’ and ‘The Holdovers’ Are Big Winners at Independent Spirit Awards 

Celine Song receives the Best Feature award for "Past Lives" during the 39th Film Independent Spirit Awards in Santa Monica, California, US, February 25, 2024. (Reuters)
Celine Song receives the Best Feature award for "Past Lives" during the 39th Film Independent Spirit Awards in Santa Monica, California, US, February 25, 2024. (Reuters)
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‘Past Lives,’ ‘American Fiction’ and ‘The Holdovers’ Are Big Winners at Independent Spirit Awards 

Celine Song receives the Best Feature award for "Past Lives" during the 39th Film Independent Spirit Awards in Santa Monica, California, US, February 25, 2024. (Reuters)
Celine Song receives the Best Feature award for "Past Lives" during the 39th Film Independent Spirit Awards in Santa Monica, California, US, February 25, 2024. (Reuters)

Celine Song’s quiet romance "Past Lives" won two of the biggest awards at the Film Independent Spirit Awards Sunday afternoon, including best feature and best director. Other big winners were Cord Jefferson’s comedic satire "American Fiction," with Jeffrey Wright winning for lead performer; and Alexander Payne’s "The Holdovers," which won prizes for Da'Vine Joy Randolph and Dominic Sessa.

The 39th edition of the show was held Sunday in a beachside tent in Santa Monica, California, and streamed live on IMDb and Film Independent’s YouTube channels and X accounts.

"Thank you so much for letting me share what it feels like to be human, to love and be loved, and thank you for loving our film," Song said in accepting the directing prize.

Her film was among the top nominated at the show, alongside "May December," which won only one award (for Samy Burch's first screenplay) and "American Fiction," which fared better.

Wright won for playing a frustrated author who becomes wildly successful by writing something he hates in "American Fiction."

"You go to these awards shows, you kind of grow tired of them," Wright said. "And then you get one, and it kind of changes the vibe a little bit."

He noted that it was made independently because "nobody wanted to finance it."

The Spirit Awards sit firmly within the larger Hollywood awards season, which culminates with the Oscars on March 10. But with a budget cap of $20 million for nominees, the show celebrates films that sometimes go unheralded, or at least under-nominated, at the bigger shows.

Host Aidy Bryant called it "the only place in the world where $20 million is like no money."

Randolph continued her sweep of the broader season, winning best supporting performance for playing the grieving cook Mary Lamb in "The Holdovers." Not 24 hours ago, right across town, she also picked up the best supporting actress award at the SAG Awards.

"Independent films are the beating heart of our industry, and they are worth fighting for," Randolph said. She did, however, wish that they might have been able to afford heated seats while filming in Boston in the winter.

Randolph beat out the likes of Anne Hathaway ("Eileen"), Charles Melton ("May December") and Sterling K. Brown ("American Fiction") for the prize.

Her co-star, Sessa, later won the breakthrough prize.

"I promise it’s not all downhill from here," Sessa said, thanking his high school acting teachers.

Last year, "Everything Everywhere All At Once" swept the Spirit Awards before going on to do the same at the Oscars. But this year, many top Oscar contenders — including "Oppenheimer,Barbie" and "Killers of the Flower Moon" — would not have qualified.

Kaouther Ben Hania’s film " Four Daughters," which is nominated for the corresponding Oscar, won best documentary. And Justine Triet’s "Anatomy of a Fall," also nominated for best picture at the Oscars, won best international feature over "The Zone of Interest."

"Los Angeles has a special place in my heart. It’s the city of John Cassavetes and Gena Rowlands," Triet said. "Without discovering them at their films at the age of 20, I wouldn’t have had the desire to make my own films and I wouldn’t be here today."

The Cassavetes ethos actually has its own award, honoring a film made for under $1 million. That prize went this year to "Fremont," about an Afghan translator working for a Chinese fortune cookie factory.

The show had some unexpected background noise, from one man with a loudspeaker conducting a pro-Palestine protest outside the tent that lasted for some time.

"We are at the beach, and people are celebrating their freedom of speech," Bryant said.

The shouting outside disrupted Jim Gaffigan’s tribute to "Jury Duty" and many more winners’ speeches. Comedian Jimmy O. Yang, speaking from the stage to present the best cinematography award, assumed it was a heckler outside.

Later, "Fremont" filmmaker Babak Jalali said he was sure that what was being said outside the tent was much more important than anything he had to say.

The Spirit Awards also honor television. Netflix’s "Beef" won best new scripted series and Ali Wong picked up best lead performance.

Nick Offerman won best supporting performance in a new scripted series for his turn in "The Last of Us." And 11-year-old actor Keivonn Montreal Woodard also won the breakthrough performance award for a new scripted series for "The Last of Us," giving his acceptance speech in American Sign Language.



Netflix Shares Soar on Price Hikes and Record Subscriber Gains

FILED - 14 May 2024, North Rhine-Westphalia, Cologne: The word "Netflix" shines brightly at the presentation of one of its series. Photo: Rolf Vennenbernd/dpa
FILED - 14 May 2024, North Rhine-Westphalia, Cologne: The word "Netflix" shines brightly at the presentation of one of its series. Photo: Rolf Vennenbernd/dpa
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Netflix Shares Soar on Price Hikes and Record Subscriber Gains

FILED - 14 May 2024, North Rhine-Westphalia, Cologne: The word "Netflix" shines brightly at the presentation of one of its series. Photo: Rolf Vennenbernd/dpa
FILED - 14 May 2024, North Rhine-Westphalia, Cologne: The word "Netflix" shines brightly at the presentation of one of its series. Photo: Rolf Vennenbernd/dpa

Netflix reaffirmed its dominance of the streaming video market on Tuesday, as its mixture of live sporting events, popular returning series - and singular moments, such as a football halftime performance by Beyonce - helped attract a record number of subscribers over the holiday quarter.
The company added 18.9 million subscribers in its fourth quarter to bring its total global subscriber base to nearly 302 million customers - a number that dwarfs its Hollywood streaming rivals, Reuters reported.
Netflix sought to capitalize on its galloping popularity by raising prices in the US, Canada, Portugal and Argentina as it spends more on programming. In the US, the company's ad-supported service will cost $7.99 a month, up from $6.99, while the premium package will cost $24.99, up 9% from existing pricing.

Investors reacted enthusiastically to the results, sending Netflix's stock surging about 13% in extended trade, lifting its stock market value by almost $50 billion. Over the last year, Netflix shares have gained more than 77%, outpacing the S&P 500's 24% rise.

"Netflix reaffirms its leadership position and is absolutely running away in the streaming market," said Paolo Pescatore of PP Foresight. "It is now flexing its muscles by adjusting prices given its far stronger and diversified programming slate compared to rivals."

The company said its fourth-quarter programming slate surpassed its own expectations, with viewers bingeing on the second season of its dystopian survival thriller "Squid Game," which the company said is on track to become one of its most-watched original series.
Netflix's deepening investment in live-streamed events is drawing tens of millions of viewers. The heavyweight boxing match between Jake Paul and Mike Tyson in November attracted 65 million streams. The two National Football League games on Christmas Day, one featuring Beyonce's halftime performance, brought in an average of 30 million global viewers, ranking among the most-streamed competitions in league history.
“To state the obvious, it’s content that drives users to streaming services," said Forrester Research Director Mike Proulx. "With the biggest bump in subscribers ever, Netflix’s attention to quality content is the reason for an overall strong year and fourth quarter."
Netflix said it has shaken off the impacts of COVID-19 and the 2023 Hollywood writers' and actors' strikes, and is delivering returning seasons of its most popular shows, including the Addams Family series "Wednesday," and the supernatural "Stranger Things."
It will also broadcast more live events, including weekly installments of WWE "Monday Night Raw" wrestling. It secured the rights for the FIFA Women's World Cup in 2027 and 2031, a deal which it says illustrates its strategy to deliver special-events programming, rather than regular season sports packages.
Such live events are attractive to advertisers, because they draw audiences that watch in real time.
"We exceeded our ads revenue target in the fourth quarter," said Netflix Co-CEO Greg Peters, adding, "We doubled our ads revenue year over year last year. We expect to double it again this year."
The company said the ad-supported version of its service accounts for 55% of its new sign-ups in countries where it is available.
Macquarie Equity Research analyst Tim Nollen predicted that ad revenue will increase to $2 billion this year, as more people sign up for the company's advertising-supported tier and Netflix's advertising technology matures. Live events will continue to drive sign-ups, he wrote in an investor note published prior to Netflix's earnings report.
This quarter will also mark the last time Netflix reports subscriber additions, as the company emphasizes other performance metrics including revenue and profit - a change analysts attribute to slowing subscriber growth.
The company reported per-share earnings of $4.27, beating Wall Street's forecast of $4.20 per share, according to an average of projections from 34 analysts. Annual operating income exceeded $10 billion for the first time in the company's history.
Revenue rose 16% over the same time a year ago, to $10.2 billion, compared with Wall Street's estimates of $10.1 billion for the quarter, according to LSEG. The jump in subscribers in the quarter did not create a similar spike in revenue because sign-ups occurred throughout the quarter, said one person familiar with the matter.
The company revised its guidance, projecting revenue of $43.5 billion to $44.5 billion in 2025, an increase of a half-billion dollars over the prior forecast. The updated guidance reflects improved business fundamentals, the company said.
Netflix's board also approved an incremental $15 billion to repurchase shares, which brings the total buyback authorization to $17.1 billion.