Netflix is reportedly in talks to purchase the historic Egyptian Theatre in Hollywood, according to The Hollywood Reporter.
Netflix is making a major play to placate Hollywood celebs and producers as it continues its quest for Oscar glory.
The theater, currently owned by American Cinematheque, would allow Netflix to more easily showcase films that it wants to put up for Academy Award contention without dealing with traditional theatrical release windows. Netflix has not been one to adhere to those standards, however. The streaming service's Academy Award-winning film"Roma" rolled out to a limited number of theaters on Nov. 21 and was released to Netflix's streaming service on Dec. 14.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix looms large as theater owners assess industry futureThe issue of how Netflix fits into, or threatens, the theater business dominated a press conference at CinemaCon, the theater industry trade show by LARichwine
Read more »
More diversity, more money: Theater owners want more inclusive filmsDiversity in Hollywood films isn't just an important cultural shift, it's a lucrative business model. Theater owners at the annual CinemaCon in Las Vegas say they want more diverse and inclusive movies because of pent up demand from moviegoers.
Read more »
Netflix isn't killing movie theaters: Viewers who stream more also go to cinemas moreStreaming services are not disrupting movie theaters: The U.S. box office is expected to grow about 1 percent to a record-breaking $12 billion this year.
Read more »
Netflix isn't killing movie theaters: The audience who streams more, also goes to cinemas moreWhile the rise of streaming services have fundamentally altered how consumers watch TV, the idea that if audiences are spending more time watching content at home, they are spending less time at theaters is a myth.
Read more »
American-themed plays sweep British theatre prizesProductions about gay men in New York City, friendship after the Sept. 11 attack...
Read more »
American-themed plays sweep British theater prizesProductions about gay men in New York City, friendship after the Sept. 11 attack...
Read more »
Why AMC Theatres CEO Adam Aron isn't worried about Disney-Fox colossus or Saudi ArabiaAMC's Adam Aron spoke about why he’s not worried about Disney’s global clout, or AMC's plans to build cinemas in Saudi Arabia — despite human rights issues.
Read more »
Go To The Movie Theater, And We’ll Guess Your AgeYour Movie Theater Habits Reveal Your Age And We'll Prove It
Read more »
Can You Successfully Sneak Snacks Into The Movie Theater?Can You Actually Get Away With Sneaking Snacks Into The Movie Theater?
Read more »