Netflix now owns one of Hollywood Boulevard’s historic gems, the Egyptian Theatre. Officially, seller American Cinematheque is cheering the move as one that will help continue the preservation of the silent-era movie palace. But critics are raising concerns that the property — originally gifted to the nonprofit by the city — will now be subjected to the whims of a corporation after the sale, which was completed with minimal public input.
Netflix shared the news in a press release Friday. The sale, the amount of which was not disclosed, will allow the American Cinematheque to autonomously program the theater Fridays, Saturdays, and Sundays, while Netflix will pay for renovations, including sound upgrades, and use the space for special events, screenings, and premieres during the week.
The sale comes amid years of financial struggles for the Cinematheque. Chairman Rick Nicita told the Los Angeles Times the organization was quickly approaching a “crisis point.
Netflix shared the news in a press release Friday. The sale, the amount of which was not disclosed, will allow the American Cinematheque to autonomously program the theater Fridays, Saturdays, and Sundays, while Netflix will pay for renovations, including sound upgrades, and use the space for special events, screenings, and premieres during the week.
The sale comes amid years of financial struggles for the Cinematheque. Chairman Rick Nicita told the Los Angeles Times the organization was quickly approaching a “crisis point.
- 5/30/2020
- by Chris Lindahl
- Indiewire
Similar News
Skip Intro Podcast
- 5/13/2024
- by Podcast Staff
- Tudum - Netflix
‘The Circle’ winners: US Netflix seasons
- 5/13/2024
- by Marcus James Dixon
- Gold Derby
Lucy Liu Honored With Gold Legend Award At 2024 Gold House Gala: “I Feel Like It’s Been Very Lonely”
- 5/13/2024
- by Armando Tinoco
- Deadline Film + TV
How ‘The Sympathizer’ Turned Robert Downey Jr. Into the Specter of the West
- 4/29/2024
- by Proma Khosla
- Indiewire
‘Challengers’ Is a ‘Pure Fantasy for Me,’ Says Screenwriter Justin Kuritzkes
- 4/28/2024
- by Marcus Jones
- Indiewire
Bob Bakish Expected to Resign as Paramount CEO Amid Skydance Merger Talks
- 4/27/2024
- by Brian Welk
- Indiewire
“To hell with that”: One More Reason to Love Lord of the Rings, $5.8B Franchise Refused Giving Harvey Weinstein a Big Fat Paycheck
- 5/10/2024
- by Mahin Sultan
- FandomWire
From Dogma to Panic Room: more hard-to-find movies (keep your DVDs)
- 5/10/2024
- by Chris Bumbray
- JoBlo.com
Pulp Fiction at 30: Why Quentin Tarantino Never Surpassed His Peak
- 5/4/2024
- by Michael Arangua
- TVfanatic
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
‘Kingdom of the Planet of the Apes’ Swings to $72 Million at Overseas Box Office, Mighty $129 Million Globally
- 5/12/2024
- by Rebecca Rubin
- Variety - Film News
BAFTA TV Awards: ‘Top Boy,’ ‘Happy Valley’ Win Two Each as ‘The Crown,’ ‘Black Mirror’ Miss Out
- 5/12/2024
- by Lily Ford
- The Hollywood Reporter - Movie News
Roger Corman, Pioneering Independent Producer and King of B Movies, Dies at 98
- 5/12/2024
- by Richard Natale and Tim Gray
- Variety - TV News
John Oliver Hoped Finland’s Partially Nude Windows95man (and His Giant Denim Egg) Had Won Eurovision
- 5/13/2024
- by Kimberly Nordyke
- The Hollywood Reporter - Movie News
China Box Office: ‘Kingdom of the Planet of the Apes’ Opens on Top of Weekend Chart
- 5/13/2024
- by Patrick Frater
- Variety - Film News
Aida Rodriguez: Unpacking My Childhood Traumas Through Comedy Is Cathartic
- 5/6/2024
- by Aida Rodriguez
- Popsugar.com
How Erik Rivera Uses Comedy to Heal and Help Others
- 5/6/2024
- by Miguel Machado
- Popsugar.com
Ian Lara: Comedy Gave Me the Strength to Overcome My Mother's Death
- 5/6/2024
- by Ian Lara
- Popsugar.com
Sasha Merci: How Comedy Has Helped Me Navigate Depression
- 5/6/2024
- by Sasha Merci
- Popsugar.com
Gina Brillon: The Loss of My Grandmother Pushed Me to Pursue Comedy
- 5/6/2024
- by Gina Brillon
- Popsugar.com
Walton Goggins Found Transforming Into the Ghoul in ‘Fallout’ Challenging: ‘It Was Extremely Uncomfortable’
- 5/13/2024
- by Harrison Richlin
- Indiewire
Why DeAnne Smith Featured Their Ex-Boobs in Hannah Gadsby’s Latest Netflix Special
- 5/12/2024
- by Alison Foreman
- Indiewire
Screenwriting Couple Rick Jaffa and Amanda Silver Offer Advice on Breaking into Industry: ‘Try to Make the Stories as Personal as Possible’
- 5/12/2024
- by Harrison Richlin
- Indiewire
Amy Poehler Wants ‘Inside Out’ Series to Be Like Michael Apted’s ‘Up’ Saga, Show Character Riley as ‘a Young Adult, and a Young Mother’
- 5/12/2024
- by Harrison Richlin
- Indiewire
Justin Lin Believes Cultural Labels Can Hurt Careers: ‘I Do Think There Are Restrictions’
- 5/12/2024
- by Harrison Richlin
- Indiewire
‘Kingdom of the Planet of the Apes’ Swings to $72 Million at Overseas Box Office, Mighty $129 Million Globally
- 5/12/2024
- by Rebecca Rubin
- Variety - Film News
Roger Corman, Pioneering Independent Producer and King of B Movies, Dies at 98
- 5/12/2024
- by Richard Natale and Tim Gray
- Variety - TV News
Walton Goggins Found Transforming Into the Ghoul in ‘Fallout’ Challenging: ‘It Was Extremely Uncomfortable’
- 5/13/2024
- by Harrison Richlin
- Indiewire
A dog in the dock and another doing red carpet interviews: why has Cannes gone canine crazy?
- 5/13/2024
- by Philip Oltermann
- The Guardian - Film News
China Box Office: ‘Kingdom of the Planet of the Apes’ Opens on Top of Weekend Chart
- 5/13/2024
- by Patrick Frater
- Variety - Film News
BAFTA TV Awards: ‘Top Boy,’ ‘Happy Valley’ Win Two Each as ‘The Crown,’ ‘Black Mirror’ Miss Out
- 5/12/2024
- by Lily Ford
- The Hollywood Reporter - Movie News
Skip Intro Podcast
- 5/13/2024
- by Podcast Staff
- Tudum - Netflix
‘Interview With the Vampire’ Stars Break Down ‘Me & You’ Scene From Premiere (Video)
- 5/13/2024
- TV Insider
‘American Idol’ Top 3 Revealed on Disney Night: Do You Agree With Voters? (Recap)
- 5/13/2024
- TV Insider
Explaining the ‘Interview With the Vampire’ Season 2 Premiere — And That Creepy New Monster
- 5/13/2024
- TV Insider