Netflix signs a lease agreement to keep New York's Paris Theatre open. Financial terms of the lease were not disclosed.
Netflix on Monday said it signed a lease to keep open New York’s Paris Theatre, one of the oldest art houses in the nation.
“After 71 years, the Paris Theatre has an enduring legacy, and remains the destination for a one-of-a kind moviegoing experience,” Ted Sarandos, Netflix’s chief content officer, wrote in a statement. “We are incredibly proud to preserve this historic New York institution so it can continue to be a cinematic home for film lovers.”have been unable to reach an agreement on the length of time Netflix original films can be shown before appearing on the service.
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