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Netflix Takes Another Step in Embracing Traditional Theaters

Operation of Pacific Palisades Luxury Cinema Marks Streaming Giant’s Third Foray Into Brick-and-Mortar Venues
Netflix reopened the Bay Theater in a partnership with developer Caruso, owner of the Palisades Village retail center in Los Angeles. (CoStar)
Netflix reopened the Bay Theater in a partnership with developer Caruso, owner of the Palisades Village retail center in Los Angeles. (CoStar)
CoStar News
October 25, 2021 | 11:27 P.M.

Netflix has a hand in reopening a closed movie theater in the upscale Los Angeles neighborhood of Pacific Palisades for special-event showings, the third time in two years the streaming giant has embraced theater properties.

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