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Streaming service Netflix has been looking to buy its own series of movie theaters, according to The Los Angeles Times.
The newspaper, citing sources familiar with the matter, reported that the company attempted to reach a deal with L.A.-based Landmark theaters, but negotiations went south because Netflix believed the asking price was too high.
Why the streaming giant would need to buy theaters may have something to do with its strained relationship with the Cannes Film Festival.
Netflix, still looking to be seen as a legitimate filmmaking entity, pulled out of Cannes this year after the festival decided movies without theater distribution in France would not be allowed to compete for prizes. This continues a storied war between the streaming service and the French festival.
https://www.huffingtonpost.com/entr...of-movie-theaters_us_5adcc6d8e4b075b631e6c6e4
Not sure if this is a good idea or not.
The newspaper, citing sources familiar with the matter, reported that the company attempted to reach a deal with L.A.-based Landmark theaters, but negotiations went south because Netflix believed the asking price was too high.
Why the streaming giant would need to buy theaters may have something to do with its strained relationship with the Cannes Film Festival.
Netflix, still looking to be seen as a legitimate filmmaking entity, pulled out of Cannes this year after the festival decided movies without theater distribution in France would not be allowed to compete for prizes. This continues a storied war between the streaming service and the French festival.
https://www.huffingtonpost.com/entr...of-movie-theaters_us_5adcc6d8e4b075b631e6c6e4
Not sure if this is a good idea or not.