A Netflix deal is in the works to purchase the Egyptian Theater, where Hollywood hosted its first movie premiere in 1922, angering film fans. According to The Los Angeles Times, Netflix recently closed a deal to purchase this historic location.As part of buying the Egyptian Theatre, Netflix will now use this theatre for premieres and special events from Monday to Thursday. “The Egyptian Theatre is an incredible part of Hollywood history and has been treasured by the Los Angeles film community for nearly a century,” Netflix Films chief Scott Stuber said. Netflix will invest in the theater’s renovation. Netflix completed its purchase of Hollywood's historic Egyptian Theatre on Friday, helping to confirm the streaming giant's newfound central position in the movie industry.

“The Egyptian Theatre is an incredible part of Hollywood history and has been treasured by the Los Angeles film community for nearly a century,” said Scott Stuber, head of Netflix Films. Bought in 1996 by American Cinematheque for $1 from the city “The Egyptian Theatre is an incredible part of Hollywood history and has been treasured by the Los Angeles film community for nearly a century,” said Scott Stuber, head of Netflix Films. Like other movie houses in Los Angeles, the Egyptian Theatre remains closed indefinitely because of the conoravirus outbreak. The streaming giant has entered into talks with American Cinematheque to buy the historic Egyptian Theater on Hollywood Blvd. Netflix and the American Cinematheque are partnering on a deal to invest in the restoration of the historic, century-old Egyptian Theatre on Hollywood Boulevard, the two groups announced Friday. Netflix heeft het Egyptian Theatre in Hollywood gekocht, dat meldt The Hollywood Reporter. Netflix and the American Cinematheque are partnering on a deal to invest in the restoration of the historic, century-old Egyptian Theatre on Hollywood Boulevard, the two groups announced Friday. Netflix is buying the Egyptian Theater: These theaters should be next. Netflix and the American Cinematheque, which purchased the theater in 1996, are collaborating to redevelop and continue operations at the theater. Netflix has finalized a deal to buy Hollywood’s historic Egyptian Theatre for an undisclosed price, capping a transaction that was in the works for over a year.. A Netflix deal is in the works to purchase the Egyptian Theater, where Hollywood hosted its first movie premiere in 1922, angering film fans. There are movie theaters and then there are movie theaters, if you ask any sort of film nerd.There are your basic AMCs and Regal Cinemas, but then there are the likes of the TCL Chinese Theater, the Alamo Drafthouse, or the Castro.

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