Netflix has reportedly considered buying movie theaters

Netflix has reportedly considered buying movie theaters”

The Los Angeles Times is reporting that the company has now actively considered buying its own cinema chain as a outcome.

While no further deals for Netflix to buy any other cinema chains have been laid out on the table, the idea of Netflix eventually owning a cinema chain wouldn't necessarily come as a huge surprise. According to a new report by Gizmodo, many sources have revealed that the entertainment giant pursued a deal to buy the Landmark Theaters owned by Mark Cuban but ultimately backed out due to a high sale price.

However the original films can't be considered for awards, such as Oscars or Golden Globes because its films are not screened in cinemas. The Landmark theaters are well known for attracting awards voters by running first-run features, documentaries and foreign films during Oscar season. Netflix now has some 125 million subscribers worldwide.

"Netflix wants to establish itself as a critical exhibition source on both coasts", a source told the Times.

More news: Shares in General Electric (NYSE:GE) Acquired by Heritage Way Advisors LLC

Netflix films like Beasts of No Nation and Mudbound were released in some theatres, the movies were simultaneously released on Netflix.

Netflix hasn't officially commented on the news, but it's feasible it's still in the market for a small chain. Many believe the movie would have garnered more attention if it had been given a cinema release. Also last month, the board of the prestigious Cannes film festival banned Netflix films from award competition, prompting the company to pull out of screening anything at the festival at all.

"We regret our films not being able to compete at this year's Cannes film festival", read a letter to Netflix stockholders. We would never want to do that to our French members.

Like this



20 April 2018
Missile strikes on Syria free of casualties, Pentagon says
With 11 days now having passed, concerns are growing that evidence could fall prey to tampering or be otherwise compromised. Soon, small arms fire broke out and a nearby explosive was detonated at one of the two locations.

20 April 2018
Chemical weapons experts await go ahead to enter Douma
Russian Federation also wanted inspectors into the site from day one, which is not true of the United States or its allies. No UN workers were injured, though one Syrian was said to have sustained light injuries working in a security capacity.

20 April 2018
Amazon's Rolling Out Intercom-Style Alexa Announcements in the UK From Today
You can pre-order the Echo Spot from today for $199, and it will be available on April 26th. It will also be available from the 26th from JB Hi-Fi, Myer and Officeworks.

20 April 2018
IPL 2018: Chris Gayle dedicates century to daughter on 2nd birthday
Because of his previous performances, no one was ready to purchase him but finally, KXIP purchased him in IPL auction. Gayle was only selected in the third round of bidding for players by IPL teams for the 2018 season.

20 April 2018
Ahead of summits, North Korea's ruling party calls meeting
But in the same breath, he warned: "If I think that it's a meeting that is not going to be fruitful, we're not going to go". Adding "the devil is in the details", Kim Won-soo went on to say that challenges will begin after the inter-Korean summit.

20 April 2018
Basque group Eta apologises for role in Spain conflict
After almost half a century of auto bomb attacks, shootings and kidnappings, the group gave up its violent campaign in 2011. Spain's government said Eta was defeated politically and operationally and did not achieve any of its goals.

20 April 2018
Raonic withdraws from Monte Carlo Masters before third-round match
The 14th seed, a former Wimbledon runner-up, struggled with the problem during his second-round win over Marco Cecchinato on Wednesday.

20 April 2018
Tupperware Brands Corporation (TUP) EPS Estimated At $0.88
Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tupperware Brands by 48.4% in the 4th quarter. The company reported $1.59 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.50 by $0.09.

20 April 2018
Spotify voice control is coming to UE's Alexa-powered speakers
Starting in May, you'll be able to personalize sound settings for every artist or music genre with the custom equalizer, as well. The Ultimate Ears brand has had the UE BLAST or UE MEGABLAST as part of the lineup since a year ago .

20 April 2018
Schlumberger (SLB) to Release Earnings on Friday
First Advisors Lp has invested 0.02% of its portfolio in KAR Auction Services, Inc. 7,925 were reported by Tributary Mngmt Llc. BMO Capital Markets has "Buy" rating and $74.0 target. (NASDAQ:AAPL) has "Buy" rating given on Wednesday, July 6 by Longbow.