Arclight Cinemas and Pacific Theaters to Reopen – Deadline

EXCLUSIVE: Refresh for more details The last thing we had to hear as the box office and exhibition rebounded from the pandemic was bad news, but word spread like wildfire in distribution and exhibition circles as theaters Arclight and the Pacific Theaters will not reopen. The channel released a statement below.

Last week I heard the channel was running for a Memorial Day weekend reopening with A Quiet Place, Part II and Cruella, now those hopes seem dashed, and at an unfortunate time, as Los Angeles County is expected to have the opportunity to operate at 100% capacity in theaters long before the decision to grand opening of Governor of California Newsom on June 15. The crown jewel of Decurion in its Arclight sequel is its Hollywood multiplex and 58-year-old Cinerama Dome location on Sunset Blvd, which made Quentin Tarantino’s Oscar-winning film a big hit. Once upon a time in hollywood and is the preferred location for many filmmakers. The Hollywood Arclight is also one of the top grossing theaters in the country; yet another blow to the industry and the Los Angeles market, which is in its fourth week of a solid reopening.

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Here is the declaration of the string:

After closing our doors over a year ago, today we have to share the difficult and sad news that Pacific will not be reopening its ArcLight and Pacific Theaters theaters.

It was not the outcome that everyone wanted, but despite a huge effort that exhausted all potential options, the company does not have a viable path.

To all of the Pacific and ArcLight employees who have dedicated their professional lives to making our theaters the best places in the world to see movies: We appreciate your service and dedication to our customers.

To our guests and members of the film industry who have made cinema such a magical experience over the years: our sincere thanks. It has been an honor and a pleasure to serve you.

Behind the scenes what I’m hearing technically is that Decurion has handed over the keys to the owners on all of their Arclight and Pacific properties. This doesn’t mean the chain is bankrupt, but rather part of a thick lease negotiation. What happens in this case is that the lessor decides which keys to keep and which to return to the exhibitor. No word yet that the channel is for sale; I think they’re waiting to see what leases they get back. Lots of Arclight sites that the chain doesn’t own, and these are the ones I’m told are really upside down on their leases.

But that doesn’t bode well for Arclight and Pacific to reopen, is that we also hear the chain giving notice to its theater staff.

News broke on IndieWire over the weekend that Arclight’s new Culver City location was behind on its March rent of $ 181,900.40, owed in full to debt collector Caitlin Brannon.

Given how much the Cinerama Dome is loved by studios and filmmakers – heck, Tarantino blasted Disney for pushing Hateful eight from the cinema de la ruche, he designed his 70mm western for december 2015 when Star Wars: The Force Awakens was closing a number of large auditoriums – can’t see this Hollywood landmark falling off the side. If Decurion can’t resuscitate him, someone has to come and collect the property.

Most of these Arclight theaters can be found in major shopping malls in Santa Monica, Sherman Oaks, and Pasadena. There’s even a new location in Boston. It’s a two-way street for this exhibitor and the owners: they need each other to get great business back. They are luxurious cinemas and if Decurion cannot bring them back to life, another exhibitor, perhaps international like Cinepolis, could.

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