Manhattan’s last single-screen movie palace is here to stay!
The Paris Theater, which opened in 1948, has been saved by Netflix. Thanks to an extended lease agreement signed by the streamer, the historic Manhattan venue will officially remain open for business.
“After 71 years, the Paris Theatre has an enduring legacy, and remains the destination for a one-of-a-kind movie-going experience,” said Ted Sarandos, Netflix’s Chief Content Officer. “We are incredibly proud to preserve this historic New York institution so it can continue to be a cinematic home for film lovers.”
Per The Hollywood Reporter, however, Netflix isn’t planning on running the theater as a normal theater but rather plans to use it for its original movies, special events and other screenings (instead of relying on independent theaters to play its original movies).