Posted on Tuesday, April 9th, 2019 by Chris Evangelista
Netflix is getting into the movie theater business in a big way. The streaming giant has entered into talks with American Cinematheque to buy the historic Egyptian Theater on Hollywood Blvd. On the surface, this looks like the latest step in Netflix’s overarching plan to be taken seriously by the film industry, since many in the business still cringe at Netflix’s streaming-based model. But sources say this is more of a partnership between Netflix and Cinematheque, and not a sign of things to come. We’ll see.