Netflix Co-CEO Ted Sarandos accepts the 2022 Economic Development Visionary Award during the Hollywood Chamber of Commerce 2022 Economic Development Summit in Los Angeles, California, U.S., August 25, 2022.
Netflix said it spent $70 million to restore the theater, preserving its original Egyptian Revival design in the courtyard and inside the building while adding updated sound and projection equipment.
"To be able to bring it back, and it's a beautiful movie house, is just an incredible point of pride for us."
Netflix will hold premieres of its films and other special events at the theater on weekdays starting with a screening of David Fincher's "The Killer" on Thursday.
Reporting by Omar Younis; Additional reporting and writing by Lisa Richwine; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Persons:
Ted Sarandos, Mario Anzuoni, Robin Hood, Douglas Fairbanks, David Fincher's, Rick Nicita, that's, Nicita, Omar Younis, Lisa Richwine, Sandra Maler
Organizations:
Netflix, Hollywood Chamber of, Summit, REUTERS, Egyptian, Thomson
Locations:
Los Angeles , California, U.S, Los Angeles .