Did Arclight go out of business?

Did Arclight go out of business?

The 18 Arclight and Pacific Theaters represented about one percent of the North American box-office gross, but the April 13 announcement of their permanent closure by parent company Decurion inspired front-page stories and social-media outpourings of grief.

Will Netflix buy Arclight?

While Netflix may be interested in acquiring a single iconic property, it’s unlikely to buy a chain of commercial theaters like ArcLight as that’d venture too far from its streaming-first mission.

Who bought the Arclight?

The Decurion Corporation
The ArcLight Hollywood was a 15-screen multiplex located at 6360 Sunset Boulevard in Hollywood, California. All 15 screens featured stadium seating, and carried a THX certification for optimal sound and picture presentation….ArcLight Hollywood.

Owner The Decurion Corporation
Opened 2002
Closed 2021

What will happen to Arclight?

Decurian, owner of the Arclight Cinemas and Pacific Theatres announced last month the chain won’t be reopening even as Los Angeles is. Its crown jewel is the Hollywood Arclight on Sunset Boulevard, one of the highest-grossing movie theaters in the nation, and the adjacent Cinerama Dome beloved by filmmakers.

Why did ArcLight closed?

The jointly owned ArcLight and Pacific theaters will both remain closed after shutting down due to the public health emergency, Pacific Theatres said Monday in a statement. It said, “Despite a huge effort that exhausted all potential options, the company does not have a viable way forward.”

Why is ArcLight closing?

Cinerama Dome Among ArcLight, Pacific Theaters To Close Due To Pandemic Losses With the closing of 300 screens, Hollywood laments the loss of the iconic Cinerama Dome; it opened in 1963 with the premiere of Stanley Kramer’s wide-screen comedy It’s a Mad Mad Mad Mad World.

Who bought Cinerama Dome?

Mudrick Capital Management
The Leawood, Kan. -based company on Tuesday said it reached an agreement to raise $230.5 million in cash by selling equity to investment firm Mudrick Capital Management, exchanging 8.5 million shares at a price of approximately $27.12 per share.

Is Arclight owned by AMC?

We already knew that AMC Entertainment took over two older Pacific Theatres leases at Rick Caruso’s The Grove in L.A. and Americana at Brand in Glendale. There was no mention of AMC scooping up Arclight’s prize jewels, the Arclight Hollywood and Cinerama Dome.

What movie is playing at the Cinerama Dome?

Once Upon a Time in Hollywood
One of the standouts is the famous Cinerama Dome—an icon of modern architecture and an icon of LA. Now part of the Arclight Hollywood on Sunset Boulevard, the theatre is a star in its own right—most recently it had a cameo in Quentin Tarantino’s latest film, Once Upon a Time in Hollywood.

Why Is Cinerama closing?

Cinerama Dome Among ArcLight, Pacific Theaters To Close Due To Pandemic Losses. People wearing protective face masks walk by the closed Cinerama Dome theater during the coronavirus pandemic on April 18, 2020, in Los Angeles.

Is the Arclight Theater in Culver City closed?

The Culver City Arclight location at 9500 Culver Blvd, Culver City, is now permanently closed. An eviction notice has landed at the location, Indiewire reports.

Who is the owner of Arclight Theater in Los Angeles?

In Los Angeles, that defense dissolved when the city authorized operations in mid-March. Arclight and Pacific are both operated by the privately owned Decurion Corp.; sources say the company told distributors that their theaters will reopen only when available films and less stringent audience limits allow for profitability.

Is there an eviction notice for ArcLight Cinemas?

A three-day eviction notice landed on the front door of ArcLight Cinemas ’ Culver City, California location last week. Landmark Theaters in River Oaks closed — Houston’s only dedicated first-run specialized theater. And in Boca Raton, Florida, a landlord won a nearly $900,000 judgment against a Regal theater for nonpayment of rent.

How much money does Culver City Theater make?

The Culver City theater, which opened in 2015 after major renovations, has 12 screens and grossed $4.9 million in 2019. A theater with that performance might expect food and concession sales, along with rentals, to bring the annual total to around $8 million.