Will Netflix Start Buying Movie Theaters?

Will Netflix Start Buying Movie Theaters?

According to an interview with one of the company's two Chief Executive Officers, Reed Hastings, streaming service Netflix (NASDAQ: NFLX) probably won't be buying a theater chain in the near future, despite persistent rumors that it might. Discussing the matter of theaters, Hastings asserted Netflix remains internet-focused, and he "can't see" it ever deciding to buy out a cinema chain.