Why Netflix May Be Buying a Classic Hollywood Theater

Credit: Motley Fool- Published on April 14, 2019
The streaming service really, really wants to get Oscars and this effort may help them stay eligible.

Credit: Rumble
Published on April 11, 2019 -  00:42
Netflix In Talks To Buy Egyptian Theater
Digital Trends reports Netflix wants to buy one of the oldest movie theaters in Hollywood. The streaming company is currently in discussions to purchase the historic Egyptian Theater in Hollywood, California, for “many tens of millions of dollars," as first reported by Deadline. The deal is being described a partnership of sorts with the Egyptian’s current owners, the nonprofit film organization American Cinematheque.

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