Nov 25, 2019
Netflix signs lease agreement to keep NYC’s Paris Theatre open
Bloomberg News
,Netflix Inc. is becoming an unlikely white knight for cinephiles.
The streaming giant -- often criticized by Hollywood traditionalists for undermining the filmgoing experience -- signed a lease agreement that will keep New York’s Paris Theatre operating. The 71-year-old art-house theater, the city’s last single-screen cinema, shut down over the summer after its previous lease expired.
Netflix has already been using the theater to screen “Marriage Story,” a film it produced from director Noah Baumbach. Going forward, it plans to use the midtown Manhattan theater for special events, screenings and the theatrical release of its films.
- Cineplex happy to show Netflix films once they 'follow the rules': CEO
- U.S. seeks to end 70-year-old ruling and allow movie studios to buy theatres
- Netflix is in talks to buy Hollywood's historic Egyptian Theatre
RELATED ITEMS
“We are incredibly proud to preserve this historic New York institution so it can continue to be a cinematic home for film lovers,” Netflix Chief Content Officer Ted Sarandos said in a statement Monday.
Netflix has also been holding talks to acquire the Egyptian Theatre in Los Angeles.