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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

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.

Updated 8 hours ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 10 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.