Current:Home > InvestNetflix plans to open brick and mortar locations -FutureFinance
Netflix plans to open brick and mortar locations
View
Date:2025-04-14 13:25:08
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! (475)
Related
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Wisconsin Republicans reject eight Evers appointees, including majority of environmental board
- California family behind $600 million, nationwide catalytic converter theft ring pleads guilty
- Maren Morris files for divorce from Ryan Hurd after 5 years of marriage
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- A’s pitcher Trevor May rips Oakland owner John Fisher in retirement video: ‘Sell the team, dude’
- Natural History Museum vows better stewardship of human bones
- Britney Spears Says She Was Pregnant With Justin Timberlake's Baby Before They Decided to Get Abortion
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Ex-Michigan State coach Mel Tucker faces Wednesday court deadline in fight over text messages
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- US Rep. Debbie Lesko won’t seek re-election in Arizona next year
- Sophia Bush Is Dating Soccer Star Ashlyn Harris After Respective Divorce Filings
- A Berlin synagogue is attacked with firebombs while antisemitic incidents rise in Germany
- Highlights from Trump’s interview with Time magazine
- Jax Taylor Reveals He’s in “Contract Negotiations” With Brittany for Baby No. 2
- War between Israel and Hamas raises fears about rising US hostility
- NYC to limit shelter stay for asylum-seekers with children
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
NFL power rankings Week 7: 49ers, Eagles stay high despite upset losses
Instead of coming face-to-face with Michael Cohen, Trump confronts emails and spreadsheets at New York trial
What’s changed — and what hasn’t — a year after Mississippi capital’s water crisis?
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
US announces sanctions against a group of 10 Hamas members and financial network over Israel attack
Court documents detail moments before 6-year-old Muslim boy was fatally stabbed: 'Let’s pray for peace'
North Carolina’s new voting rules challenged again in court, and GOP lawmakers seek to get involved