Wednesday, 10 April 2019

Netflix in talks to buy Hollywood’s historic Egyptian Theatre

Netflix may be killing the traditional movie industry, but the streaming giant now appears to be in talks to buy one of Hollywood’s most famous brick and mortar theaters. The streaming giant is negotiating to acquire the landmarked Egyptian Theater on Hollywood Boulevard, according to Deadline. The owner is nonprofit group American Cinematheque. The deal would reportedly allow American Cinematheque to run the Egyptian’s schedule on weekends, while Netflix would operate it on weekdays, including […]



source https://therealdeal.com/la/2019/04/10/netflix-in-talks-to-buy-hollywoods-egyptian-theater/#new_tab

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