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Tuesday, November 26, 2019

Netflix Gets Into Exhib Business

Netflix to screen at Paris Theatre
Yesterday, Netflix announced that it inked a deal to lease and operate the Paris Theatre in NYC.  The single screen cinema is one of the country's oldest and Netflix plans to use it to showcase its original content and "other events and screenings". The Paris has been in operation for 71 years - principally screening art and foreign films.

Netflix to screen content at the Egyptian
Netflix has similar plans for the Egyptian Theatre in Hollywood - which it is currently in negotiation with.

This blog had urged exhibitors to team with Netflix on screening their content while it streamed the same content day-and-date. Our rational was that some of Netflix's original content was first-rate and would screen very successfully at 'big screen' cinemas - that notion, unfortunately, fell on deaf ears.  Now Netflix is going to screen and stream on it own.

Last year, rumors abound that Netflix was in acquisition discussions with Landmark Cinemas, an independent cinema chain with 56 locations; however, Netflix decided it was not interested in managing a movie circuit.

There is still time for exhibs to team-up with Netflix for content. They should view the streamer as just another studio that can supply them great content for their movie patrons.

Jim Lavorato, Founder & President
Entertainment Equipment Corp.

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