Net­flix saves his­toric New York cin­ema

Scottish Daily Mail - - City & Finance -

STREAMING gi­ant Net­flix has saved New York’s Paris Theatre after tak­ing out a ten-year lease on the his­toric build­ing.

New York City’s last re­main­ing sin­gle-screen cin­ema was forced to shut its doors in Au­gust. But Net­flix – which has been ac­cused of threat­en­ing the cin­ema in­dus­try – has stepped in to save the 71-year-old site, which lies just off Fifth Av­enue, on a cor­ner of Cen­tral Park.

The firm has pre­vi­ously rented cin­e­mas for lim­ited pe­ri­ods so its films could be el­i­gi­ble for Os­car nom­i­na­tions.

An­nounc­ing the deal, Net­flix said the Paris would be­come a hub for spe­cial events. It re­cently screened Mar­riage Story, star­ring Scar­lett Jo­hans­son (pic­tured) and Adam Driver, at the 581-seat theatre.

Ted Saran­dos, Net­flix’s chief con­tent of­fi­cer, said: ‘We are proud to pre­serve this his­toric New York in­sti­tu­tion.’

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