Should Netflix purchase the cinemas, the move would hopefully appease both Oscar voters who dismiss Netflix’s output and certain film festivals.
Purchasing cinemas would be an interesting move for the company, who release their movies into cinemas and onto streaming services on the same day, leading to many cinemas refusing to show Netflix movies.
The publication says that Netflix attempted to purchase the LA based chain Landmark Theatres before pulling out last minute, sources saying the price was too high.
The global streaming service have previously attempted to combat the naysayers by releasing movies into cinemas for limited runs, only for the likes of Steven Spielberg to say Netflix movies are “TV movies” that deserve Emmys, not Oscars.