While rumored, Netflix will utilize the Manhattan venue for special showcases and events.
Today, Netflix announced it had officially signed a lease that will allow the historic Paris Theatre, New York City's last-remaining single-screen movie house, to continue operating.
Located in Manhattan, the Paris Theatre is one of the oldest art-house cinemas in the nation. The property first opened in 1948 and only shuttered this past August, until Netflix negotiated for a late fall, early winter screening deal. Marriage Story, the awards season hopeful from Noah Baumbach, has been enjoying a limited run at the theater over the past weeks.
The new deal with the Paris Theatre would not include operating the theater as a 'normal' cinema and would only house specialty runs of Netflix films.
The streaming giant is rumored to be in negotiations with the American Cinematheque to create a similar leasing deal for the Egyptian Theatre in Hollywood.
The Paris Theatre was named for the fact that the cinema originally screened French-language films upon its opening.