Netflix is now leasing its own movie theater in New York

Netflix Paris Theater.
(Image credit: Screenshot/Twitter/Joan E. Solsman)

Netflix is officially leasing a beloved New York movie theater in what could be a key move in its quest for a Best Picture Oscar win.

The streaming service, which has been engaged in an ongoing battle with theater owners, has signed a lease to keep open New York's historic Paris Theatre, which the company will use for special events and screenings of its movies, per The Hollywood Reporter.

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