Netflix Closes Deal to Buy Hollywood’s Egyptian Theatre

The acquisition represents a major milestone in Netflix’s effort to become part of the Hollywood filmmaking community. Major cinema chains like AMC and Regal had been reluctant to play films from the streaming service, since Netflix wouldn’t adhere to the same exclusive windows, usually consisting of 90 days, that other studios abide by. Now, Netflix has a venue to showcase its own content.

Source: Netflix Closes Deal to Buy Hollywood’s Egyptian Theatre

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