NEW YORK (1010 WINS) -- The iconic Paris Theater, which shuttered its doors in August after more than 70 years in business, has a new lease (literally) on life: Netflix announced on Monday that it has signed a lease with the real estate company that owns the West 58th Street theater to keep it open.
Although the length of the agreement was not released, Deadline reported earlier this month that it was signing a 10-year lease.
"After 71 years, the Paris Theatre has an enduring legacy, and remains the destination for a one-of-a kind movie-going experience," said Ted Sarandos, Netflix's Chief Content Officer. "We are incredibly proud to preserve this historic New York institution so it can continue to be a cinematic home for film lovers."
The Paris Theater, one of the country's oldest art house theaters, is also Manhattan's last single-screen cinema.
Netflix said it will use the theater for special events, screenings and releases of its own films.





