Netflix In Talks To Buy Its First Brick & Mortar Movie Theater

[tay1]

Streaming giant Netflix is in talks to acquire a famous Hollywood landmark, the Egyptian Theatre, which would make it the streaming service's first brick and mortar movie theater. Currently owned by American Cinematheque, the building may soon be purchased by Netflix once the city permit specifics are finalized.

Located on Hollywood Boulevard, the Egyptian Theatre was opened by Sid Grauman in 1922, and famously hosted the first Hollywood premiere (Robin Hood starring Douglas Fairbanks). In recent years, the American Cinematheque has run the Egyptian Theatre, along with the Aero Theatre across town in Santa Monica. The Egyptian Theatre is not only a historic Hollywood location - as it was officially designed as a Los Angeles Historic-Cultural Monument in 1993 - but it’s a popular venue for modern film screenings, movie premieres, and industry events. Prior to the annual Golden Globe Awards, the Egyptian Theatre hosts a panel with filmmakers associated with the Best Foreign Language Film category. In addition, the Egyptian Theatre hosts numerous film-related events on a weekly basis from year to year, and the venue is a primary screening location for the annual TCM Classic Film Festival.

https://screenrant.com/netflix-movie-theater-egyptian-theatre/

 

[hennessy beach]

Just wait...In a year or two there will be another new subscription tier to give access to these movie theater

innovation is interesting because it's disguised with accessibility and affordability and once market share is consumed everything goes back to a version of its former self...

 

[tay1]

Just wait...In a year or two there will be another new subscription tier to give access to these movie theater

innovation is interesting because it's disguised with accessibility and affordability and once market share is consumed everything goes back to a version of its former self...

These already exist

 

[hennessy beach]

I mean with Netflix specifically...not the companies like moviepass

 

[kingkoopa]

But the beauty of Netflix is you control what you watch.

Unless they make the screens smaller and rooms more private, I dont see why they need a theater.

 

[tay1]

But the beauty of Netflix is you control what you watch.

Unless they make the screens smaller and rooms more private, I dont see why they need a theater.

To screen their original movies most likely. People like seeing things first, and still like going to the movie in general

 

[ninjahood]

Unless they make the screens smaller and rooms more private, I dont see why they need a theater.

vanity project.

 

[tr1ll]

Netflix party venues?

Beds in the viewing rooms????

 

[Brownstone]

Improves their bargaining power. They proved with Roma this year that folks will still pay to see a movie in theaters that they can stream from home.

 

[6pac]

Netflix party venues?

Beds in the viewing rooms????

This is where it has to go for it not to be pointless. Home/bedroom style theater rooms. Rooms ranging from 1 seats to 10 at the most.

And that is a slippery slope no pun intended.

 

[Mark Antony]

Eww at beds. If so they'd better have staff like a hotel.

 

[tr1ll]

They'd have to be on the outskirts of town and charge by they hour.