Netflix Saves 71-Years Old New York’s Paris Theater From Shutting Down

New York’s 71 years old the single-screen theater was saved from shutting down by a big giant. The Paris Theater, which was the only single-screen theater was closed earlier this year. Now reopened with the new owner Netflix.

This fall Netflix the biggest online screening platform announced a lease agreement. The agreement stated that Netflix can use the theater for special screenings, events, and theatrical releases. In other words, Netflix wouldn’t operate the Paris theater like a normal theater.

Netflix spokesperson said Netflix is proud to preserve it

Netflix’s Chief Content Officer Ted Sarandos added that Netflix is incredibly proud to preserve this historic New York institution. Eventually, Netflix stocks raised to +0.81% after the announcement.

The single-screen theater is located at 4 W. 58th St., which is one of the country’s oldest art house theaters. The Paris Theater was closed in August 2019 and reopened in November 2019. It was reopened with Netflix’s new Drama-Comedy film which was written and directed by Noah Baumbach.

Film stars Scarlett Johansson Adam Driver are the main stars of the film with IMDB rating 8.4. Made in the budget of 86 Lakhs USD this release is a big hit as well. Tickets of the film are available in the box office or the film’s official website.

The Paris Theater consists of 581 seats and is the only single-screen theatre serving in Manhattan, New York City. This theater was opened by Pathé Cinema and Marlene Dietrich cut the inaugural ribbon in the presence of US ambassador to France. Later in 2009, City Cinema became the owner of the theater.