Netflix has signed an extended lease to take over Paris Theatre, the last single-screen venue in New York that closed in August when City Cinemas’ lease expired.
The streaming platform negotiated the lease with landlord the Solow Family and will use the art house venue for special events, screenings, and theatrical releases of its films.
Paris Theatre re-opened earlier this month with a limited theatrical run of Noah Baumbach’s Oscar contender Marriage Story. Terms of the lease were not disclosed.
“After 71 years, the Paris Theatre has an enduring legacy, and remains the destination for a one-of-a kind movie-going experience,” said Netflix chief content officer Ted Sarandos. “We are incredibly proud to preserve this historic New York institution so it can continue to be a cinematic home for film lovers.”
Marlene Dietrich cut the ribbon announcing the launch of Paris Theatre by Pathé Cinema in 1948. The venue kicked off with an eight-month run of La Symphonie Pastorale, and went on to screen celebrated films such as Franco Zeffirelli’s Romeo And Juliet, which ran for almost a year from 1968-1969, and Marcello Mastroianni’s comedy Divorce Italian Style, which played for more than a year.
The theatre closed several months ago after a run of Ron Howard’s Pavarotti.