Netflix is expanding its theatrical presence by signing a long-term lease for The Paris Theatre, a historic single-screen venue in New York City. This follows reports that Netflix is also working to buy the Egyptian Theatre in Los Angeles. And while these might seem like odd moves for a streaming company, they may also be necessary if Netflix wants to continue working with high-profile filmmakers like Martin Scorsese and Noah Baumbach.
After all, although Scorsese’s latest film “The Irishman” and Baumbach’s “Marriage Story” are both playing in theaters, they’re appearing on a limited number of screens.
In the case of “The Irishman,” Netflix reportedly hoped for a bigger rollout but failed to get the major theatrical chains on-board because the company would only wait four weeks (shorter than the traditional window of theatrical exclusivity) before launching the movie online.Read Complete Article