Expand chart
Data: Motion Picture Association of America and Macrotrends; Chart: Naema Ahmed/Axios

Netflix confirmed Monday that it would reopen the historic Paris Theater in Manhattan through an extended leasing deal.

The state of play: The news was first reported by Deadline, which also reported last week that the deal to keep the last remaining single-screen theater in Manhattan open was a 10-year agreement.

Why it matters: The move guarantees Netflix will have a place in New York City to air its Oscar-contending movies. In order to qualify for The Oscars, a film must debut in a physical theater in Los Angeles county or New York City for seven days.

  • Traditional theater chains like AMC Theaters and Regal have refused to air Netflix films because Netflix doesn't want to give them an exclusive window of up to 90 days to air films before they go to streaming.
  • Reports this summer suggested that Netflix is also nearing a deal to buy the historic Egyptian Theatre in Los Angeles.

The big picture: Reports earlier this year suggested that Amazon was in the running to buy the Landmark movie theater chain, which owns dozens of theaters.

Go deeper: The Justice Department is currently looking to relax rules that bar a traditional movie studio from buying a theater.

Go deeper

Updated 47 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.

2 hours ago - Politics & Policy

McConnell urges White House not to strike stimulus deal before election

Senate Majority Leader Mitch McConnell. Photo: Stefani Reynolds/Getty Images

Senate Majority Leader Mitch McConnell (R-Ky.) has urged White House negotiators not to cut a deal with Democrats on new coronavirus stimulus before the election.

Driving the news: McConnell informed Senate Republicans of the move at a closed-door lunch on Tuesday, two people familiar with his remarks tell Axios. McConnell's remarks were first reported by the Washington Post.