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stream giantNetflixis in talks to get a famous Hollywood landmark , the Egyptian Theatre , which would make it the streaming serve ’s first brick and mortar movie theater . Currently have by American Cinematheque , the building may soon be purchased by Netflix once the city permission particular are finalized .
Located on Hollywood Boulevard , the Egyptian Theatre was opened by Sid Grauman in 1922 , and famously hosted the first Hollywood premiere ( Robin Hoodstarring Douglas Fairbanks ) . In recent years , the American Cinematheque has run the Egyptian Theatre , along with the Aero Theatre across town in Santa Monica . The Egyptian Theatre is not only a historic Hollywood localisation - as it was officially designed as a Los Angeles Historic - Cultural Monument in 1993 - but it ’s a popular venue for modern plastic film screenings , movie premieres , and industry events . Prior to the annualGolden Globe Awards , the Egyptian Theatre hosts a panel with movie maker tie in with the Best Foreign Language Film class . In improver , the Egyptian Theatre hosts numerous film - related events on a hebdomadal basis from class to year , and the locale is a elementary viewing location for the annualTCMClassic Film Festival .
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PerDeadline , Netflix is in talks to produce the Egyptian Theatre from American Cinematheque . Netflix ’s Chief Content Officer , Ted Sarandos , is reportedly part of the Egyptian Theatre ’s circuit card , and “ recused himself ” from the voting appendage . AsDeadlinenotes , the bargain would not only gain the historic dramatics financially , it would become even more relevant to the mod film industry , asNetflixwould screen moving-picture show during the calendar week and the locus ’s steady effect would continue during the weekend . If Netflix does indeed buy the Egyptian Theatre , it would be the rain buckets service ’s first learning of a brick and mortar movie theater , and also fuelthe on-going disputation about streaming and theatrical distribution timelinesfor Oscar - put up film .
In recent years , Netflix ’s increase relevancehas beena point of treatment at Cannes , and they ’ve also attracted the ira of Steven Spielberg . In 2018,Spielberg suggested Netflix movies should specify for Emmys , not Oscars- at least movies that have a limited theatrical test . At the 2019 Academy Awards , Alfonso Cuarón ’s Netflix filmRomawas nominated for 10 award , and won three for Best Foreign Language Film , Best Cinematography , and Best Director . As a consequence , major Hollywood flesh bothdefendedandcriticizedNetflix , with the dispersion model being the major point of tilt .
Now that Netflix is close to acquiring the Egyptian Theatre , the pullulate service ’s original filmswill undoubtedly have theatrical screenings on a reproducible basis . But where else ? Moving forward , it will be interesting to see which other flick theaters Netflix buys , and how they integrate Netflix - themed productions into weekly Hollywood events . While feature films are the primary point of emphasis , it ’s also possible that Netflix will screenpopular television serial , thus allow for all - Clarence Shepard Day Jr. binges , at least theoretically . At the very least , Netflixwill invigorate Hollywood Boulevard with its acquisition of arguably the most famous movie theatre of operations in the world .
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rootage : Deadline
