Landmark Theatres, a high-end chain known for its art-house offerings, has been quietly on the market for some time. But this week, two would-be buyers emerged as potential suitors: Netflix and Byron Allen’s Entertainment Studios.
The names of both companies floated in the press illustrates the seismic changes happening in the movie industry. At a time when ticket sales are on the decline, owning a theater doesn’t have the same profitability margins it once had. But there are other perks that could appeal to unconventional owners.
Netflix, which has been flirting with getting into the theatrical exhibition space as a way to qualify its films for awards consideration and to serve as a kind of test-kitchen for corporate experimentation, looked at the chain. However, it’s not interested in the company, according to sources. (Netflix declined to comment.)
Netflix received four Oscar nominations this year for Dee Rees’ Southern epic “Mudbound,...
The names of both companies floated in the press illustrates the seismic changes happening in the movie industry. At a time when ticket sales are on the decline, owning a theater doesn’t have the same profitability margins it once had. But there are other perks that could appeal to unconventional owners.
Netflix, which has been flirting with getting into the theatrical exhibition space as a way to qualify its films for awards consideration and to serve as a kind of test-kitchen for corporate experimentation, looked at the chain. However, it’s not interested in the company, according to sources. (Netflix declined to comment.)
Netflix received four Oscar nominations this year for Dee Rees’ Southern epic “Mudbound,...
- 4/19/2018
- by Brent Lang and Ramin Setoodeh
- Variety Film + TV
Similar News
6 K-Dramas Releasing in May to Watch After Queen of Tears
- 4/26/2024
- by info@startefacts.com (Rachel Bailey)
- STartefacts.com
4 Months After Dceu Ended, Here's What Zack Snyder Hopes to See in James Gunn's DC Universe
- 4/26/2024
- by louise.everitt@startefacts.com (Louise Everitt)
- STartefacts.com
‘Dead Boy Detectives’ EPs on Whether [Spoiler] Is Really Dead — and What ‘Sandman’ Characters They’d Want in Season 2
- 4/26/2024
- by Hunter Ingram
- Variety Film + TV
Angelina Jolie Hits Back at Brad Pitt's Request in Argument Over NDAs in Sale of Winery
- 4/26/2024
- by Just Jared
- Just Jared
Zendaya May Have Another Potential Box Office Annihilation With ‘Challengers’: Report Reveals Gargantuan Earnings from Preview Sales Alone
- 4/26/2024
- by Visarg Acharya
- FandomWire
“It’s sort of her way of saying F*ck you to those guys”: Angelina Jolie Almost Became Cleopatra Before Zendaya, Original Script Writer Hopes Denis Villeneuve Uses His Script
- 4/26/2024
- by Tushar Auddy
- FandomWire
Box Office: Zendaya’s ‘Challengers’ Starts Off With $1.9M in Previews
- 4/26/2024
- by Pamela McClintock
- The Hollywood Reporter - Movie News
Anne Hathaway Didn't Like Nicholas Galitzine's 'Frosted Tips' When They First Met
- 4/26/2024
- by Just Jared
- Just Jared
Drew Simon of FilmNation label Infrared talks early strategy: “I want to make clutter-busters” (exclusive)
- 4/25/2024
- ScreenDaily
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.