Netflix Reportedly Wants To Buy Its Own Theaters

Netflix almost bought a theater chain to give its movies an Oscar boost

We regret our films not being able to compete at this year's Cannes film festival.

Now Netflix is reportedly making a move to get its movies on the big screen by buying its own line of theaters.

According to the report, it claims that Netflix had considered buying the Landmark Theatres co-owned by Mark Cuban.

According to a new report, Netflix has seriously considered buying a chain of cinemas in the USA which it's thought would provide a means for the company to give its films the cinematic releases they need in order to qualify for the most prestigious film festivals in the world.

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According to the rumours, Netflix's current purchase plans might have been shelved, but we wouldn't be surprised if similar plans re-emerged in the future for a different chain in a different country. The company went against the Cannes Film Festival recently because of a ban on Netflix films for awards.

When Netflix made a decision to pull the five films it had planned to debut at the Cannes Film Festival, it was the culmination of a year's worth of tension between the two giants, which started when Netflix's mere logo was booed at last year's festival.

Netflix is considering investing in theaters according to latest reports. Because Netflix has a day-and-date structure, meaning their movies are available to watch simultaneously, if they do a limited theater run, and on Netflix.

Following the Cannes changes, Netflix's Ted Sarandos told Variety the company wanted its films to be "on fair ground with every other filmmaker"; guaranteeing a theatrical release would, potentially, be one way to assure this. At the same time though, Netflix has yet to garner the respect from film establishments and major theater chains, so that puts them at a slight disadvantage.

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