Blue Entertainment Centers is closing its doors.
The company announced Tuesday that it is no longer in business.
It’s been a difficult decision to close, said CEO James A. Lee, who added that he is disappointed by the loss of so many employees.
It is not the kind of place that we can continue to operate.
Blue Entertainment centers is a small venue in the heart of Hollywood.
It has more than 700 members who are committed to producing and delivering content.
Netflix, which was founded in Los Angeles and has locations in many parts of the world, is owned by Walt Disney Co. Blue has offices in Los Altos Hills, the former home of the iconic “Big Three” entertainment companies, and in Burbank, Calif., where Netflix is based.
Hulu, founded in 2009 in Boston, has offices and video streaming services in Los Gatos, Calif.; Culver City, Calif.; Pasadena, Calif; and other locations.
Blue is also known for its large and diverse membership.
It holds events in more than 100 cities around the world.
The Blue Entertainment center in Culver city, Calif, is being turned into a movie theater, but Netflix is still home.
Netflix headquarters in Los Alamos, N.M., is now home to Hulu.
The Blue entertainment center in Burbanks, Calif.’s Culver Harbor is now a movie and video theater, Hulu is home, and Netflix is the anchor tenant, according to Lee.
It is not uncommon for entertainment companies to shut down during the downturn in the entertainment industry.
A decade ago, Sony shut down its video streaming service, PlayStation, after its video subscriber base declined in the wake of Sony’s financial collapse.
Hulu’s online streaming service is not expected to start rolling out until at least the fall of 2019, according of a Netflix press release.