Current:Home > ContactNetflix plans to open brick and mortar locations -FinTechWorld
Netflix plans to open brick and mortar locations
View
Date:2025-04-12 22:13:47
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! (83617)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Family says Alaska photographer killed in moose attack knew the risks, died doing what he loved
- Lauryn Hill’s classic ‘Miseducation’ album tops Apple Music’s list of best albums of all time
- Saudi Arabia’s national carrier orders more than 100 new Airbus jets as it ramps up tourism push
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Sean ‘Diddy’ Combs accused of 2003 sexual assault in lawsuit
- Judge in Trump classified documents case to hear more arguments on dismissing charges
- Mexico’s presidential front-runner walks a thin, tense line in following outgoing populist
- See you latte: Starbucks plans to cut 30% of its menu
- Red Lobster cheddar bay biscuits still available in stores amid location closures, bankruptcy
Ranking
- Sam Taylor
- Savor Every Photo From Kourtney Kardashian and Travis Barker's Blissful Wedding Weekend in Italy
- Oregon man charged in the deaths of 3 women may be linked to more killings: Authorities
- At least 40 villagers shot dead in latest violence in Nigeria’s conflict-hit north
- Trump invites nearly all federal workers to quit now, get paid through September
- Turkish Airlines resumes flights to Afghanistan nearly 3 years after the Taliban captured Kabul
- Aaron Rodgers: I would have had to retire to be RFK Jr.'s VP but 'I wanted to keep playing'
- South Carolina governor vetoes bills to erase criminal history in gun and bad check cases
Recommendation
DoorDash steps up driver ID checks after traffic safety complaints
A Missouri man has been in prison for 33 years. A new hearing could determine if he was wrongfully convicted.
Ex-Washington state police officer acquitted in Black man’s death files claims alleging defamation
Mississippi woman pleads guilty to stealing government funds
Trump invites nearly all federal workers to quit now, get paid through September
Flight attendant or drug smuggler? Feds charge another air crew member in illicit schemes
The Voice Crowns Season 25 Winner
Adult children of Idaho man charged with killing their mom and two others testify in his defense