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Netflix continues to take over the American cinema scene, which has taken over television content in recent years, and is only a few days after taking over the historic Egyptian theater in Hollywood.
Netflix achieved its goal last year with one of its productions winning the Academy Award for "Rome" by Alfonso Cuaron. Today, the network looks forward to a repeat of the year as the end of the year, which is the most important season for the Oscars and the Golden Globe.
In order to do this, Netflix needs to have a theater and a private showroom where its films will be screened before it is available to viewers in order to meet the requirements of the Academy. As Disney Network has its own theater, Netflix will have in the coming days a historical theater known to all Hollywood followers.
A huge deal
According to the Hollywood Reporter and Variety websites, Netflix's management is on the verge of a huge deal to acquire the historic Egyptian theater in Hollywood, which will ensure that special screenings of its films in the award season will be organized throughout the week, which makes us expect many network movies to be nominated. For the Golden Globe and Oscars. Martin Scorsese's "Irish" starring Robert De Niro and Al Pacino.
The deal will also inject millions into the US Cinematheque, which now has the right to run the showroom, and will still be able to showcase its classic films on weekends and days Netflix will not need to show.
History of Egyptian Theater
The Egyptian theater in Hollywood dates back to the early 1920s, when it was built by American journalist Sayed Grumman along with designer Charles Tupperman in a Hollywood suburb, making it the first special screening in Hollywood history.
This was precisely in October 1922 with the special screening of the movie "Robin Hood" starring the American star Douglas Fairbanks, and the production cost of more than one million dollars, while the value of the ticket to watch on the screen of the Egyptian theater five dollars, one of the most expensive movie tickets in this time.
The situation continued in this way with special sequences of major Hollywood films, until the 1994 Northridge earthquake, crushing much of the theater.
In 1996, the American Cinematheque Society acquired, re-equipped and repaired the theater at costs close to $ 13 million. The Egyptian theater was reopened in 1998.
Today, the Egyptian theater seems to be moving from the Cinematheque to the Netflix network, becoming a witness to Hollywood in its various eras, from black and white days to online viewing time.