The Paris Theatre, the last of NYC's single screen movie palaces, closed back in August but has been saved...by Netflix. The streaming giant has not disclosed the terms of the lease, but Deadline reports that it's for 10 years. “After 71 years, the Paris Theatre has an enduring legacy, and remains the destination for a one-of-a kind movie-going experience,” said Ted Sarandos, Netflix’s Chief Content Officer in a statement. “We are incredibly proud to preserve this historic New York institution so it can continue to be a cinematic home for film lovers.”

Netflix says specifically The Paris Theatre will be used for special events, screenings, and theatrical releases of its films. Noah Baumbach's acclaimed new film Marriage Story, which hits Netflix December 6, is currently showing at The Paris and don't be surprised if The Two Popes (and its score by Bryce Dessner) plays there as well. (Deadline also writes that Martin Scorsese's The Irishman may move to The Paris after its run at Broadway's The Belasco Theatre wraps up).

Earlier this year, Netflix also purchased a controlling stake in Los Angeles' iconic theater, The Egyptian.