Netflix has a weird relationship with movie theaters, which are both an institution they need and also their direct competition.
The Egyptian Theatre, first built in 1922, is one of the country’s oldest movie houses, and its programming by the American Cinematheque is top notch.
They claim Netflix is “in preliminary talks” to purchase the Egyptian Theatre, one of Los Angeles’ most beloved repertory houses, from its current owner, the American Cinematheque.
Deadline says the move… …will put Netflix in good standing with the Hollywood cinephile community as the disruptive streaming company helps to preserve one of Hollywood’s landmark movie theaters and its long tradition.