Netflix plans to buy cinemas for screening its movies

Netflix plans to buy cinemas for screening its movies

Thus, the Los Angeles Times is reporting that the company has now actively considered buying its own cinema chain as a effect.

Since previous year Netflix has spent over $8 billion producing its own content such as movies and TV shows that can only be watched on Netflix.

Purchasing its own cinema chain would neatly avoid such problems for Netflix in the future (albeit in the United States rather than France). According to recent reports, the company is considering buying physical movie theaters.

Netflix executives considered acquiring Los Angeles-based Landmark Theatres, the circuit co-owned by Mark Cuban, but recently backed off the idea, said two people who spoke on condition of anonymity because the plans are private.

Last month, Steven Spielberg said movies that have mere "token" theatrical runs - as those from Netflix do - shouldn't be in the running for Oscars.

"Netflix wants to establish itself as a critical exhibition source on both coasts", a source told the Times.


Meanwhile Netflix has pursued a strict policy of making its films available to stream immediately, which has proved unpopular with cinemas, directors, and film festivals.

Netflix has released titles simultaneously on the streaming service and in theaters in the past: Beasts of No Nation, Okja, The Meyerowitz Stories and Mudbound, which was nominated for four Oscars this year.

Netflix hasn't officially commented on the news, but it's feasible it's still in the market for a small chain. Many believe the movie would have garnered more attention if it had been given a cinema release.

Would you pay to see a Netflix film in a traditional cinema?

"We want our films to be on the fairground with every other filmmaker, there's a risk in us going in this way and having our films and filmmakers treated disrespectfully at the festival".

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