Netflix has officially saved the Paris Theatre from closing!

New York’s last single-screen movie theater has been officially saved.

After bringing back the Paris Theatre for a special theatrical run of Noah Baumbach’s Marriage Story, Netflix announced today that the beloved Manhattan theater will continue operations. The streaming site has signed a long-term lease for the 71-year-old movie house, which it will use for things like special events, screenings and premieres.

All in all, it’s a pretty ironic turn of events! When the Paris Theatre closed on September 1, many decreed that the closing (along with the former Ziegfeld Theater and Landmark’s Sunshine Cinema) was yet another sign of streaming services chipping away at people actually getting out to physical cinemas. Now, it’s just such a service that will keep an iconic one in business.

Thanks to their prodigious output and dicey relationships with many national theater chains, Netflix was clearly in need of a physical space to screen films. That need has resulted in some creative bookings this fall, including the company going so far as to rent out the Belasco Theatre to hold Broadway-like screenings of The Irishman. 

Why such a strong desire for physical screenings of films? Well, among other things, theatrical releases are a requirement for Oscar eligibility, something Netflix is becoming increasingly interested in with a growing number of ambitious projects. 

In the meantime, however, the deal means that Marriage Story will be getting a two-week extension at the Paris Theatre with no set end date. And for those who still might prefer to Netflix and Chill at home, the film will start streaming on December 6.