Netflix could buy its own cinemas: report

The giant of the 'streaming' is considering acquiring theaters in New York and Los Angeles, according to 'Los Angeles Times'

Netflix could buy its own cinemas: report


The streaming service would be exploring the idea of ​​buying movie theaters in New York and Los Angeles to broadcast their original programming, according to a Los Angeles Times report. The company would have put its eye on the Landmark Theaters chain, although it would have backed down because prices could be very high.

Acquiring a chain of cinemas could be a new component in the ambitions of the entertainment giant. The company, based in Los Gatos, California, plans to invest up to US $ 8,000 million in content production this year, although it still has respect for the traditional production industry.

Last month, Steven Spielberg said that movies that have mere theatrical performances - like those produced by Netflix - should not compete for the Oscars. Also last month the committee of the prestigious Cannes Film Festival banned the participation of Netflix films, which caused the company to withdraw from the festival and avoid any screening.

A chain of theaters dedicated to showcasing Netflix's original content could pave the way and improve the company's reputation with the film industry.

Netflix did not immediately respond to a request for comment.

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