Netflix is reportedly in talks to buy its first movie theater

Netflix
(Image credit: OHN MACDOUGALL / AFP / Getty Images)

As Netflix continues to face criticism about its theatrical distribution strategy, it's reportedly planning to purchase a theater of its very own.

The streamer is in talks to buy Hollywood's famous Egyptian Theatre, Deadline and The Hollywood Reporter both reported on Tuesday. This historic location was the site of the first movie premiere in Hollywood history back in 1922, and it's currently owned by the non-profit American Cinematheque.

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Brendan Morrow

Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.