Current:Home > MarketsNetflix plans to open brick and mortar locations -Summit Capital Strategies
Netflix plans to open brick and mortar locations
View
Date:2025-04-14 13:51:55
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! (7215)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Margot Robbie, Matt Damon and More Stars Speak Out as SAG-AFTRA Goes on Strike
- Will Smith, Glenn Close and other celebs support for Jamie Foxx after he speaks out on medical condition
- LSU Basketball Alum Danielle Ballard Dead at 29 After Fatal Crash
- Military service academies see drop in reported sexual assaults after alarming surge
- Increasingly Large and Intense Wildfires Hinder Western Forests’ Ability to Regenerate
- Logan Paul's Company Prime Defends Its Energy Drink Amid Backlash
- To Reduce Mortality From High Heat in Cities, a New Study Recommends Trees
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- 60 Scientists Call for Accelerated Research Into ‘Solar Radiation Management’ That Could Temporarily Mask Global Warming
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Wildfires in Northern Forests Broke Carbon Emissions Records in 2021
- Where There’s Plastic, There’s Fire. Indiana Blaze Highlights Concerns Over Expanding Plastic Recycling
- The Summer I Turned Pretty Season 2 Gift Guide: American Eagle, Local Eclectic, Sperry & More
- Global Warming Set the Stage for Los Angeles Fires
- Pacific Walruses Fight to Survive in the Rapidly Warming Arctic
- Tiffany Chen Shares How Partner Robert De Niro Supported Her Amid Bell's Palsy Diagnosis
- U.K. leader Rishi Sunak's Conservatives suffer more election losses
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Prigozhin's rebellion undermined Putin's standing among Russian elite, officials say
Texas Gov. Greg Abbott defies Biden administration threat to sue over floating border barriers
Amid Continuing Drought, Arizona Is Coming up With New Sources of Water—if Cities Can Afford Them
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Carbon Removal Projects Leap Forward With New Offset Deal. Will They Actually Help the Climate?
Roundup, the World’s Favorite Weed Killer, Linked to Liver, Metabolic Diseases in Kids
Biden Power Plant Plan Gives Industry Time, Options for Cutting Climate Pollution