Netflix (NFLX 0.13%) opened its first real-world entertainment center last week -- Netflix House Philadelphia. Management clearly sees something promising in this idea, with ribbon-cuttings coming up in Dallas next month and Las Vegas in 2027.
Is Netflix House a big deal or just a silly experiment? Inquiring Netflix investor minds want to know.
Early reviews are rolling in
It's a bit too soon to say for sure, of course. There are some early clues, though.
Netflix did its level best to hold a splashy grand opening, featuring pretty much the entire C-suite and leading names in Pennsylvania politics. Stars from Netflix originals and the Philly scene were also all around, from DJ Jazzy Jeff and Elmo to actors from KPop Demon Hunters and Emily in Paris. Sounds like a blast, honestly.
People are weighing in on the new destination. As of Nov. 15, 2025, five days after the opening event last Monday:
- The new venue quickly earned a robust rating of 4.6 stars in 86 reviews on Google Maps, the ubiquitous Alphabet (GOOG +4.67%) (GOOGL +4.67%) platform that has become the standard discovery portal for local events and businesses.
- Two Yelp (YELP 0.46%) users gave it an average grade of 4.5 in the first week.
- TripAdvisor (TRIP +0.54%) doesn't have a rating for it yet. The surrounding King of Prussia Mall holds a 4.5 rating on nearly 1,000 reviews, but that's a long-established destination.
- Apple (AAPL 1.37%) Maps also shows two reviews -- one thumbs-up and one thumbs-down.
I'm not here to review the reviewers, but Google Maps really stands out. The mall itself has 24,000 ratings, matching Netflix House's grade exactly at 4.6.
A hands-on peek inside the Netflix experience
I'm in no position to swing by Philadelphia just to check out Netflix House, but the review sites are already full of photos and videos.
Netflix appears to have focused on its biggest hits, led by the Stranger Things demogorgon, the Wednesday kids, Pink Guards from Squid Game, the One Piece pirates, and the Bridgerton family. The KPop Demon Hunters surprise hit is too new and unexpected to have its own interactive experience, but there are Demon Hunters dishes in the food court and the gift shop is full of Huntrix swag. It would be a shame not to lean into that opportunity.
So it's a strong showcase for Netflix's top content. If you pop in just to check out the One Piece escape room (one of the few additional-fee experiences in an otherwise free visit), you might get your first taste of the Upside Down or Bridgerton along the way. Most visitors are probably Netflix subscribers already. However, there's nothing wrong with boosting their brand loyalty.
Image source: Netflix.
Netflix House isn't the Upside Down Disney World
This is not exactly a rebranded Walt Disney (DIS +1.01%) theme park. I mean, it's not even close to one of those.
Netflix House is about 100,000 square feet of former Lord & Taylor mall space, like triple-sizing the Elev8 amusement center in Tampa's Citrus Park Mall. Disney World is on another level, with 1.8 million square feet of parking space -- just for the Magic Kingdom sub-park. You can almost fit the Netflix House into the Cinderella Castle's walk-in closet, right?
So this isn't the kind of destination you plan entire vacations around, though it may qualify for a family trip if you're near the Delaware Valley. The Dallas and Vegas locations will be similar brand-boosting venues, not worth a cross-country trip but a cool thing to squeeze in when you're headed to the DFW Metroplex or the Strip.
Netflix House's real estate strategy
It should be noted that Netflix remodeled the King of Prussia Mall's Lord & Taylor when that company went out of business. The upcoming Dallas location used to be a Belk store, shuttered in January 2020 (just before the pandemic) and left empty for about four years.
The Vegas version is a different story, nestled just off the vibrant Strip in a newly constructed shopping center. But the first two swings at this idea have budget-friendly bankruptcy deals in common, raising questions about the commercial durability of these spots. "Location, location, location" may not be an upside in the Philly and Dallas Netflix Houses.
Then again, maybe the Netflix House installation can revive those ill-fated mall pillar locations. If so, I'd expect more Netflix House announcements to pop up in media markets large enough to have a professional football team -- maybe even one of my local Tampa malls someday.
NASDAQ: NFLX
Key Data Points
Is this the real-world future of streaming entertainment?
Let's not call it a game changer yet, though. Netflix needs to prove that it can drive foot traffic to the mall and keep its locations fresh over time.
The company isn't trying to be Disney 2.0 at this point, though that door to a full-blown entertainment empire might open in a couple of decades.
