Current:Home > MarketsNetflix plans to open brick and mortar locations -Prosperity Pathways
Netflix plans to open brick and mortar locations
View
Date:2025-04-24 16:36:45
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! (7141)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- California reports the first increase in groundwater supplies in 4 years
- Shop Last-Minute Mother’s Day Gifts From Kiehl’s and Score 25% off Mom & Celeb-Loved Skincare Products
- Investor Nuns’ Shareholder Resolutions Aim to Stop Wall Street Financing of Fossil Fuel Development on Indigenous Lands
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Kourtney Kardashian Shares Postpartum Struggles After Return to Work
- Anna Wintour Holds Court at the 2024 Met Gala in a Timeless Silhouette
- John Mulaney opens up about life with infant son Malcolm during Hollywood Bowl show
- DoorDash steps up driver ID checks after traffic safety complaints
- Tanzania hit by power blackouts as Cyclone Hidaya strengthens toward country's coastline
Ranking
- Don't let hackers fool you with a 'scam
- 2 killed when a small plane headed to South Carolina crashes in Virginia, police say
- Abducted 10-month-old found alive after 2 women killed, girl critically injured in New Mexico park
- How Meghan Markle and Prince Harry Changed the Royal Parenting Rules for Son Archie
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Music legends celebrate 'The Queens of R&B Tour' in Las Vegas
- Cavaliers rally past Magic for first playoff series win since 2018 with LeBron James
- North Dakota state rep found guilty of misdemeanor charge tied to budget votes and building
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Husband of Florida woman missing in Spain is charged with her disappearance
Lando Norris wins first Formula 1 race, snaps Max Verstappen's streak at Miami Grand Prix
Steward Health Care files for Chapter 11 bankruptcy
This was the average Social Security benefit in 2004, and here's what it is now
Tom Brady’s Netflix roast features lots of humor, reunion between Robert Kraft and Bill Belichick
Kim Godwin out as ABC News president after 3 years as first Black woman as network news chief
How Meghan Markle and Prince Harry Changed the Royal Parenting Rules for Son Archie