Current:Home > reviewsNetflix plans to open brick and mortar locations -Pinnacle Profit Strategies
Netflix plans to open brick and mortar locations
View
Date:2025-04-15 06:45:52
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! (1561)
Related
- Nevada attorney general revives 2020 fake electors case
- Hillary Clinton Finally Campaigns on Climate, With Al Gore at Her Side
- Proof Beyoncé and Jay-Z's Daughter Blue Ivy Is Her Mini-Me at Renaissance World Tour
- Bloomberg Is a Climate Leader. So Why Aren’t Activists Excited About a Run for President?
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Updated COVID booster shots reduce the risk of hospitalization, CDC reports
- Reena Evers-Everette pays tribute to her mother, Myrlie Evers, in deeply personal letter
- For 'time cells' in the brain, what matters is what happens in the moment
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Target Has the Best Denim Short Deals for the Summer Starting at $12
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Today’s Climate: September 22, 2010
- In Baidoa, Somalis live at the epicenter of drought, hunger and conflict
- Fewer abortions, more vasectomies: Why the procedure may be getting more popular
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Make Good Choices and Check Out These 17 Secrets About Freaky Friday
- The Dakota Access Pipeline Fight: Where Does the Standoff Stand?
- Brothers Forever: The Making of Paul Walker and Vin Diesel's Fast Friendship
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Nationwide Day of Service to honor people in recovery and give back to local communities
Trump arrives in Miami for Tuesday's arraignment on federal charges
Lessons from Germany to help solve the U.S. medical debt crisis
The 401(k) millionaires club keeps growing. We'll tell you how to join.
In Pennsylvania, One Senate Seat With Big Climate Implications
2 horses die less than 24 hours apart at Belmont Park
New York City firefighter dies in drowning while trying to save daughter from rip current at Jersey Shore