Current:Home > StocksNetflix plans to open brick and mortar locations -Wealth Harmony Labs
Netflix plans to open brick and mortar locations
View
Date:2025-04-16 19:13:03
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! (4275)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Obstacles remain as women seek more leadership roles in America’s Black Church
- Former NFL lineman Korey Cunningham found dead in New Jersey at age 28
- Up To 70% Off at Free People? Yes Please! Shop Their Must-Have Styles For Less Now
- Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
- Banana Republic Factory’s Spring Sale Is Here With up to 70% off Colorful Spring Staples & More
- Pro-Palestinian protests embroil U.S. colleges amid legal maneuvering, civil rights claims
- Hamas says it's reviewing an Israel cease-fire proposal as pressure for peace mounts
- The Best Stocking Stuffers Under $25
- South Dakota Gov. Kristi Noem writes about killing her dog in new book
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
- 24 years ago, an officer was dispatched to an abandoned baby. Decades later, he finally learned that baby's surprising identity.
- Wild onion dinners mark the turn of the season in Indian Country
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Jax Taylor and Brittany Cartwright Reunite at 2024 White House Correspondents' Dinner
- In Beijing, Blinken and Xi stress need for continued U.S.-China dialogue to avoid any miscommunications
- Kitten season is here and it's putting a strain on shelters: How you can help
Recommendation
RFK Jr. grilled again about moving to California while listing New York address on ballot petition
Living with a criminal record: When does the sentence end? | The Excerpt
12 DC police officers with history of serious misconduct dismissed amid police reform
Indiana voters to pick party candidates in competitive, multimillion dollar primaries
Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
She called 911 to report abuse then disappeared: 5 months later her family's still searching
New York Jets take quarterback on NFL draft's third day: Florida State's Jordan Travis
Too Hot to Handle’s Harry Jowsey Shares Skin Cancer Diagnosis