Editorial: The movie business goes global with Oscar wins for 'Parasite'

The Academy of Motion Picture Arts and Sciences, criticized for a lack of diversity in Oscar nominations, helped change that narrative Sunday by celebrating the South Korean comedy-thriller “Parasite.” The film took home four awards, including best picture — a first for a non-English-language film.As in movies, real-life redemption is a wonderful thing.But there was something else notable about the big night for “Parasite”: Hollywood’s growing embrace of globalization. Entertainment is a worldwide industry. Just look at how important the international box office has become. China is now the se…

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HEDGE accordingly