Current:Home > FinanceNetflix plans to open brick and mortar locations -VisionFunds
Netflix plans to open brick and mortar locations
View
Date:2025-04-21 08:00:57
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! (2)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Ukraine is seeking commitments from NATO at upcoming Vilnius summit. Are allies willing to give them?
- Darwin in a lab: Coral evolution tweaked for global warming
- U.S. Treasury chief Janet Yellen pushes China over punitive actions against American businesses
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Biden meets U.K. PM Sunak in London and has a sit-down with King Charles before heading for a NATO summit
- A climate change disaster led this shy 24-year-old from Uganda into activism
- In Beijing, Yellen raises concerns over Chinese actions against U.S. businesses
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- How Dave Season 3 Mirrors Dave Burd and GaTa's Real-Life Friendship Ups and Downs
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- The Biden administration sold oil and gas leases days after the climate summit
- Clean up your mess, young activists tell leaders at COP26 climate summit
- Kate Middleton Makes Bold Beauty Statement During Easter Service
- Trump's 'stop
- Love Is Blind Star Bartise Bowden Welcomes First Baby
- How Love Is Blind's Chelsea Reacted to Watching Micah and Kwame’s Pool Scene on TV
- Baby Foot Is the 1 Thing You Need To Get Your Feet Sandal-Ready for Spring and It’s on Sale Right Now
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
U.S. ambassador to Russia meets with detained Wall Street Journal reporter Evan Gershkovich
Khloe Kardashian, Gwyneth Paltrow and More Stars Who Gave Their Kids Unique Names
Chris Appleton Teases Wedding Day Detail Following Lukas Gage Engagement
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Manchin's Holiday Gift To Fellow Dems: A Lump Of Coal On Climate Change
Taliban orders Afghanistan's beauty salons to close in latest crackdown on women's rights
Prince George and Dad Prince William Twin Together at Soccer Match