(MENAFN) Netflix has joined the Motion Picture Association of America, which shows its evolution as a major player in the movie business.
The MPAA now has six major studios as members, each paying annual dues between USD15 million to USD20 million each year.
However, it faces the loss of one of the legacy studio members, Twentieth Century Fox, after the merger of many of its assets with Disney is completed.
MPAA chairman and CEO said: "all of our members are committed to pushing the film and television industry forward, in both how we tell stories and how we reach audiences. Adding Netflix will allow us to even more effectively advocate for the global community of creative storytellers, and I look forward to seeing what we can all achieve together."
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