I finally got my answer to why Netflix submitted the movie for a rating:
they want it to get Oscar consideration.

https://www.salon.com/2022/09/11/why-is-blonde--netflixs-marilyn-monroe-biopic--rated-nc-17-instead-of-tv-ma_partner/


On Thu, Sep 1, 2022 at 7:51 AM 'Bob Jersey' via TVorNotTV <
[email protected]> wrote:

> IYC, here's an apparent parent's analysis of *Euphoria*:
> https://lolalambchops.com/euphoria-kid-friendly-parents-guide/ (link,
> borderline-NSFW)     B
>
> Mark Jeffries, to Brad Beam, Aug 31st:
>
>> R.  There's no equivalent in TV ratings to NC-17--and besides, the three
>> biggest theater chains will not back NC-17 films.
>>
>> Seeing that TV-specific shows aren’t rated on a movie scale: If
>>> “Euphoria” [TV-MA] were shown at my local Regal Cineplex instead, would it
>>> be rated R or NC-17?
>>>
>> --
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