Netflix is keeping New York City's iconic Paris Theater open by using it for special events, screenings, and theatrical releases:
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The arrangement is likely not an early signal that Netflix is expanding into broader national strategy for theatrical releases, but is instead a one-off strategic investment.
Owning a few high-profile theater locations can offer Netflix the ability to attract directors put off by its straight-to-streaming model and improve the eligibility of their films during award season. A growing number of directors expect any potential partnership with Netflix to leave open the possibility of a theatrical release usually for the purposes of meeting the eligibility requirements for winning an Oscar.
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