Netflix is in talks to acquire its first movie theater

Shawn Knight

Posts: 12,300   +120
Staff member

The theater in question is the historic Egyptian Theatre on Hollywood Boulevard in Hollywood, California. As Deadline outlines, the acquisition would put Netflix in good standing with the local motion picture community and help preserve a Hollywood landmark.

Think of it as more of a partnership in which both Netflix and the American Cinematheque, which owns the Egyptian Theatre, benefit. Netflix would show its films on weekday nights while the American Cinematheque would get to use the facility on the weekends for screenings, festivals and lectures.

The publication said an acquisition wouldn’t impact Netflix’s relationship with independent theater chains like Landmark and IPIC Theaters that currently show its films.

This isn’t the first time Netflix has expressed interest in hopping into the theater business. Nearly a year ago, the streaming giant was said to be exploring the possibility of buying theaters in New York and Los Angeles to screen its original programming. Amazon is also reportedly interested in doing the same.

Logistics surrounding real estate and city permits will have to be resolved before Netflix can finalize its first acquisition, we’re told.

Lead image courtesy Alex Milauer via Shutterstock

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QuantumPhysics

Posts: 2,880   +2,606
I never saw the logic in renting videos from Netflix. I BUY DVD's from EBAY.

I will never give Netflix, Amazon or anyone else money for streaming movies.
 
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Evernessince

Posts: 5,084   +5,321
I never saw the logic in renting videos from Netflix. I BUY DVD's from EBAY.

I will never give Netflix, Amazon or anyone else money for streaming movies.
Super cheap there as well. It cuts out the need for the retailer and sometimes distributor taking their cuts.
 

psycros

Posts: 3,128   +3,227
"The publication said an acquisition wouldn’t impact Netflix’s relationship with independent theater chains like Landmark and IPIC Theaters that currently show its films."

Wait..so Netflix already HAS theaters that show its originals? Well, well..care to walk anything back, Steven Spielberg?
 

Uncle Al

Posts: 7,080   +5,441
Is this simply another attempt to have their movies nominated for Oscar's? By playing them in a theatre? Seems like a pretty weak attempt ..... but it may be the only one they have!
 

netman

Posts: 522   +179
I never saw the logic in renting videos from Netflix. I BUY DVD's from EBAY.

I will never give Netflix, Amazon or anyone else money for streaming movies.
I had both and I cancelled both because of convolution!

I think Netflix should be divided to two entities. Netflix Motion Picture Production for the original content fans, and Netflix Movies for strictly streaming Hollywood and elsewhere movies...