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Netflix's Historic Theater Purchase Shows How Streaming Services Still Value Cinemas

Movie Producer Seeks to Use Iconic Movie House for Special Screenings and Events
Netflix bought the Egyptian Theatre from American Cinematheque, which acquired it from Los Angeles in 1996. (American Cinematheque)
Netflix bought the Egyptian Theatre from American Cinematheque, which acquired it from Los Angeles in 1996. (American Cinematheque)

Streaming giant Netflix's purchase of the Egyptian Theatre, a paean to the glamorous brick-and-mortar past of Los Angeles moviegoing, signals how online media firms modernizing the entertainment industry see a future for cinema properties made popular a century ago.

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