Netflix investigates purchasing a motion picture theater chain
Netflix (NASDAQ: NFLX) has considered purchasing a film theater in New York and L.A., sources tell the Los Angeles Times.
The organization's enthusiasm for owning theaters included investigating Landmark Theaters. The L.A.- based chain, which is co-claimed by Mark Cuban, has some expertise in outside the box and remote movies. At last, the arrangement was viewed as excessively expensive.
A greater inspiration could be that owning theaters could give the Netflix a simple method to get incremental income from unique substance it's as of now supported, particularly as it grows all the more enormous spending plan, blockbuster-type films, similar to its current Will Smith spine-chiller "Splendid," that are extremely improved by the extra large screen involvement. Netflix could likewise have unique fling watching occasions for its TV arrangement. Silver screen chains have battled as of late, to a great extent because of rivalry from organizations like Netflix. However, when you don't need to pay a large portion of your ticket income to a different merchant, the motion picture theater business is significantly all the more luring.
Netflix is the world's leading internet entertainment service with over 125 million members in over 190 countries enjoying more than 140 million hours of TV shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.