The company, which now makes its own-branded pictures and shows as well as distributing movies from other companies, is now looking to buy the Egyptian Theatre, an historic movie house on Hollywood Boulevard, according to a report from the New York Post.
The move comes amid a storm over whether Netflix-produced movies should qualify for the Academy Awards. The Netflix movie, "Roma," is at the center of the brouhaha because its initial run in theaters was limited. Although it was nominated for the awards there is chatter in the industry and resistance from famed director Steven Spielberg that the picture should not have been eligible.
If the deal for the theater, which is now nearly 100 years old, does go through then Netflix will be in the enviable position of being able to premier its movies at the heart of Hollywood, one source in the story suggested.
Netflix said it wasn't getting into the theater business, according to the Post report.
Constable owns none of the securities listed in this story.