Netflix reopens Hollywood's 'Egyptian' movie palace
Los Angeles (AFP) - The Egyptian Theatre, which hosted Hollywood's first-ever red carpet premiere in its faux hieroglyph-adorned courtyard more than a century ago, reopens this week under the new ownership of Netflix. Steeped in silver screen lore, the venerable Los Angeles movie palace may seem an unlikely investment for a streaming giant that has made a fortune convincing viewers to watch films on their TVs, laptops and even phones. But for Netflix co-CEO Ted Sarandos, the chance to save a crumbling Tinseltown institution -- and showcase his company's rapid ascent from tech disruptor to a ke...