Netflix is taking over another movie theater, in its push to further its growth as a film industry force.

The streaming giant has taken over the lease of the Bay Theater in Pacific Palisades, which has been closed since the COVID-19 pandemic struck U.S. movie houses.

Netflix will use the theater, part of Rick Caruso’s Palisades Village retail-restaurant-residential complex, to host special events, screen classic films and showcase its own original theatrical films.

The Bay Theater is Netflix’s latest foray into theatrical exhibition. The Los Gatos company in 2019 began operating the historic Paris Theatre in New York. Netflix also bought the Egyptian Theatre in Hollywood, which it plans to reopen in 2022 after refurbishments.