Current:Home > FinanceNetflix plans to open brick and mortar locations -Capitatum
Netflix plans to open brick and mortar locations
Fastexy Exchange View
Date:2025-04-06 00:32:51
Netflix recently shuttered the longstanding mail-order DVD service that led to the closure of video stores around the world and ushered in the era of streaming. But now the company appears to be embracing brick and mortar.
According to a Bloomberg report quoting Josh Simon, the company's vice president of consumer products, Netflix aims to open a network of stores offering retail, dining and live entertainment that leverage its TV shows and movies.
Netflix has not announced what it will be selling at the locations; it's unclear if DVDs or any type of physical media will be part of the inventory.
The streamer plans to open the first two of these "Netflix House" locations in unannounced cities in the U.S. in 2025. It hopes to expand the concept to major cities around the world thereafter.
"We've seen how much fans love to immerse themselves in the world of our movies and TV shows," Simon told Bloomberg. "And we've been thinking a lot about how we take that to the next level."
Netflix did not immediately respond to NPR's request for comment.
Though Disney, a major Netflix competitor, has been in the retail, dining and live entertainment spaces for decades, such offerings have not yet been part of Netflix's core brand. But the company has recently been dabbling in these areas.
Earlier this year, the streamer opened a pop-up restaurant in Los Angeles featuring menu items created by chefs associated with Netflix cooking shows. The company has also launched pop-up stores offering merchandise from its hit show Stranger Things in cities such as Paris, Las Vegas and Chicago.
It was also involved in The Queen's Ball: A Bridgerton Experience, a traveling production that recreated sets from the Netflix show Bridgerton with actors, live music and dancing.
It's not unusual for successful online brands to gravitate to the physical world. Amazon, for example, opened brick and mortar stores and acquired Whole Foods Market.
"Netflix is an ecosystem. It opened a merchandise shop a couple of years ago. It's investing in mobile games. It's more than just a place for your remote control to gravitate to at the end of a long day," said Rick Munarriz, a senior media analyst with the investment advice company, The Motley Fool, in a statement to NPR. "Success in the real world through location-based entertainment is the spoils of victory for a leading tastemaker. If Disney and NBC Universal can operate theme parks I give Netflix a decent shot of succeeding with this venture."
But NPR TV critic Eric Deggans is less convinced about Netflix's forays into the real world.
"It sounds like Netflix is trying to do what Disney does," Deggans said. "But Disney has been doing what Disney does for a very long time. And the amount of money Netflix would have to spend to actually compete with them doesn't make any sense to me."
Deggans added: "I think it's some kind of weird experiment that they probably will not do for very long."
veryGood! (86)
Related
- The Best Stocking Stuffers Under $25
- Harvard president apologizes for remarks on antisemitism as pressure mounts on Penn’s president
- Critics pan planned $450M Nebraska football stadium renovation as academic programs face cuts
- Federal judge poised to prohibit separating migrant families at US border for 8 years
- Skins Game to make return to Thanksgiving week with a modern look
- Appeals court upholds gag order on Trump in Washington case but narrows restrictions on his speech
- Drinks are on him: Michigan man wins $160,000 playing lottery game at local bar
- Indonesia suspects human trafficking is behind the increasing number of Rohingya refugees
- The Best Stocking Stuffers Under $25
- Flight attendants at Southwest Airlines reject a contract their union negotiated with the airline
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- French actor Gerard Depardieu is under scrutiny over sexual remarks and gestures in new documentary
- Texas shooting suspect Shane James tried to escape from jail after arrest, official says
- Unhinged yet uplifting, 'Poor Things' is an un-family-friendly 'Barbie'
- Small twin
- Woman arrested after trying to pour gasoline on Martin Luther King's birth home, police say
- November jobs report shows economy added 199,000 jobs; unemployment at 3.7%
- Julia Roberts Reveals the Hardest Drug She's Ever Taken
Recommendation
Global Warming Set the Stage for Los Angeles Fires
Israeli military says it's surrounded the home of architect of the Oct. 7 Hamas attack
Tony Shalhoub returns as everyone’s favorite obsessive-compulsive sleuth in ‘Mr. Monk’s Last Case’
Every college football conference's biggest surprises and disappointments in 2023
B.A. Parker is learning the banjo
U.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects
Chinese leaders wrap up annual economic planning meeting with scant details on revving up growth
AI creates, transforms and destroys... jobs