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Netflix Closes Deal to Buy Hollywood's Egyptian Theatre

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

It's official: Netflix is the new owner of Hollywood's Egyptian Theatre. The sale price was not disclosed. The deal gives former owner the American Cinematheque a needed financial infusion and allows it to continue to program the historic movie palace on the weekends once the coronavirus pandemic ends and cinemas are able to reopen.

Netflix, which first revealed its plan to partner with the Cinematheque and buy the theater in April 2019, will use the venue during the week for premieres, screenings and other special events.

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