Current:Home > MyNetflix plans to open brick and mortar locations -Wealthify
Netflix plans to open brick and mortar locations
View
Date:2025-04-13 13:29:08
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! (54655)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Former U.S. Gymnastics Doctor Larry Nassar Stabbed Multiple Times in Prison
- In Texas, a New Study Will Determine Where Extreme Weather Hazards and Environmental Justice Collide
- From no bank to neobank
- New data highlights 'achievement gap' for students in the US
- Indigenous Leaders in Texas Target Global Banks to Keep LNG Export Off of Sacred Land at the Port of Brownsville
- How saving water costs utilities
- He lost $340,000 to a crypto scam. Such cases are on the rise
- Meta donates $1 million to Trump’s inauguration fund
- Penelope Disick Gets Sweet 11th Birthday Tributes From Kourtney Kardashian, Scott Disick & Travis Barker
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Untangling All the Controversy Surrounding Colleen Ballinger
- How the Bud Light boycott shows brands at a crossroads: Use their voice, or shut up?
- Taking a breather: Fed holds interest rates steady in patient battle against inflation
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- LGBTQ+ creatives rely on Pride Month income. This year, they're feeling the pinch
- A new pop-up flea market in LA makes space for plus-size thrift shoppers
- You may be missing out on Social Security benefits. What to know.
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
And the award goes to AI ft. humans: the Grammys outline new rules for AI use
Supreme Court says 1st Amendment entitles web designer to refuse same-sex wedding work
Why Tom Hanks and Rita Wilson Are One of Hollywood's Best Love Stories
Taylor Swift makes surprise visit to Kansas City children’s hospital
Save 50% On This Calf and Foot Stretcher With 1,800+ 5-Star Amazon Reviews
Penelope Disick Gets Sweet 11th Birthday Tributes From Kourtney Kardashian, Scott Disick & Travis Barker
One Direction's Liam Payne Completes 100-Day Rehab Stay After Life-Changing Moment