Connect with us

The Low Down

In Another Big Move, Netflix May Buy The Historic Egyptian Theatre In Hollywood

Updated

on

hollywood

Netflix is truly expanding its brand beyond just streaming and making movies. The service is in talks to acquire the famed Grauman’s Egyptian Theatre in Hollywood which give Netflix another physical theater to show its films. However, the move would also help a struggling but historic theater stay open.

In Negotiations

It’s been reported by Deadline that Netflix is working with the non-profit organization, American Cinematheque, to buy the theater located on Hollywood Boulevard. This reported deal, which is said to be in the tens of millions of dollars, would be a partnership between Netflix and the Cinematheque, which has been going through financial issues in recent years. With this agreement, Netflix could host screenings on weekdays while the Cinematheque runs screenings, lectures and occasional festivals on weekends. Netflix would also be able to host special screenings and events for major movie launches, while the Cinematheque could expand its programming with the money obtained if the deal goes through. The organization will also still have screenings at the Aero Theatre in Santa Monica.

A Hollywood Landmark

The Egyptian Theatre was opened by “Hollywood’s Master Showman” Sid Grauman in 1922. The theater hosted Hollywood’s very first movie premiere that same year, showing the silent film, Robin Hood, which was directed by Allan Dwan. The theatre itself could be described as a luxurious Egyptian palace, with specific designs and decorating that resemble a pharaoh’s residence. In addition to its film screenings, the Egyptian Theatre has been the stage for performances by legends like Lawrence Welk, BB King, Jay Leno, Ray Charles, and Wynton Marsalis.

Preserving History

This move by Netflix wouldn’t just impact the company financially. It would also help to preserve a staple in the Hollywood community, one that has been around for nearly 100 years. Though the convenience of streaming movies is beginning to reign supreme, many film enthusiasts and critics enjoy going to theaters and respect the history of classic buildings like this one. The Netflix-Cinematheque negotiations between Netflix and the Cinematheque will not be finalized until issues involving real estate and city permits are resolved. However, the company is hopeful that an agreement will be reached soon.

The Low Down

Sylvester Stallone Got ‘Upset’ Over Deleted Scene In “Creed II”

2018's Creed II brought the highly anticipated fight between Adonis Creed and Viktor Drago. The film also features the return of Dolph Lundgren to the franchise. With any movie, certain scenes get tossed on the cutting room floor. One specific deleted scene left Sylvester Stallone upset. Let Them Fight At the FanX Salt Lake Comic Convention, Lundgren discussed his recent appearance in Creed II. During the discussion,...

Published

on

Continue Reading

The Low Down

Will Joaquin Phoenix And Robert Pattinson Meet In New Batman Movie?

The upcoming Joker is already being hailed by critics, with many singling out the performance by Joaquin Phoenix. His nuanced portrayal of one of pop culture's most famous supervillains is set to stand out from the field of formulaic superhero movies in a big way. But fans can't help but wonder... will Phoenix face Robert Pattinson's Batman, either in this film or...

Published

on

Continue Reading

The Low Down

Pierce Brosnan On The First Female James Bond

Pierce Brosnan has agreed that it’s been long overdue to have a female James Bond. The former 007—who starred in Goldeneye, Tomorrow Never Dies, The World is Not Enough, and Die Another Day—certainly knows the demands of playing the iconic agent. If there will ever be a female James Bond, who will win the historic role? James Bond Throughout The...

Published

on

Continue Reading