Transcript

Netflix Just Saved A Hollywood Landmark · Direct From Hollywood with Ryan Seacrest

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Speaker 1: Direct from Hollywood with Ryan Seacrest. For a few years now,
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Speaker 1: there's been a perceived battle between the streaming giant Netflix
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Speaker 1: and the traditional movie theaters. In fact, some field movies
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Speaker 1: that premiere on streamers or only play an extremely limited
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Speaker 1: release shouldn't qualify for the oscars of the globes. But
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Speaker 1: in at least one case, Netflix is actually rescuing one
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Speaker 1: of the most famous movie theaters in America from possible extinction.
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Speaker 1: The historic Egyptian Theaters in Hollywood was built in ninety two,
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Speaker 1: the site where countless classic films like the original Robin
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Speaker 1: Hood premiered. It was potentially in danger of being sold
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Speaker 1: to developers before Netflix stepped into acquire it and plans
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Speaker 1: to restore its full magnificence. Netflix Scott Steubert says, I
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Speaker 1: want to preserve the theater's storied legacy and then continue
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Speaker 1: providing remarkable film experiences for audiences that's direct from Hollywood.