The deal expands the streamer's ability to screen its movies on the big screen during awards season, as well as helping struggling cinemas to stay open.

Netflix and Los Angeles shopping mall developer Caruso announced Friday that the two have partnered to keep the legendary Bay Theater in the tony Palisades Village open.

The lease expands the streamer’s ability to screen its movies on the big screen during awards season, as well as helping struggling cinemas to stay open.

“We are proud to welcome Netflix to Palisades Village and offer our guests access to their exceptional programming,” said Rick Caruso, founder and CEO of Caruso.

The Bay Theater at Palisades Village first opened in 2018 as an homage to its historic 1940s namesake.

The move to revive the theater came to Caruso out of one of the many community town halls his team conducted during the development process of the Palisades Village hub