# European Film Producers Say Oscar Contender 'La Bola Negra' Shows Taking Big Risks Can Pay Off

> Spanish and Italian producers argue bold films like 'La Bola Negra' can win Oscars and box office success.
- Title: European Film Producers Say Oscar Contender 'La Bola Negra'…
- Summary: Spanish and Italian producers argue bold films like 'La Bola Negra' can win Oscars and box office success. Spanish and Italian film producers claim 'La Bola…
- Keywords: la bola negra, netflix, cannes, oscar, spanish film, italian film, streaming, queer love, civil war, glenn close, penelope cruz, hbo max
- Source: The Hollywood Reporter — https://hollywoodreporter.com/business/business-news/european-film-producers-1236735396
- Author: Etan Vlessing
- Published: 2026-10-19T17:26:08+00:00
- Read time: 1 min
- Topics: la bola negra, netflix, cannes, oscar, spanish film, italian film, streaming, queer love, civil war, glenn close, penelope cruz, hbo max
## European Film Producers Take Creative Risks
Spanish and Italian producers argue taking creative risks can lead to Oscar and box office success.
## La Bola Negra Wins Oscar Contender Status
La Bola Negra, a Spanish-language film with Glenn Close and Penelope Cruz, is an Oscar contender after scoring at the box office in Spain.
## La Bola Negra Theatrical Release Dates
La Bola Negra will have a long platform theatrical release in U.S. theaters starting October 16 before streaming on December 2.
## Producers Support Creative Risk-Taking
Spanish and Italian producers say streamers must support creative risks to reach audiences craving fresh content.
## Streaming Platforms and Creative Stability
Spanish producers argue tax breaks and subsidies help creative stability for films in Spain.
## Key takeaway

Spanish and Italian film producers claim 'La Bola Negra' proves taking creative risks can lead to Oscar and box office success.