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.

Will ArcLight be bought?

AMC Theaters Thaws $230.5 Million in Cash, Looks to Buy ArcLight Cinemas. “Given our scale, experience and commitment to innovation and excellence, AMC is being presented with highly attractive theatre acquisition opportunities, said AMC President and CEO Adam Aron, in a statement.

Who bought ArcLight Sherman Oaks?

Regal Cinemas
Regal Cinemas is taking over the cinema space occupied by the Arclight Sherman Oaks in Sherman Oaks, CA.

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.

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.”

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.

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.

What theaters did AMC buy?

AMC will take control of a long-term lease, and rebrand the two cinemas, the company said Monday. They include the Grove theaters, a 14-screen cinema, and the Americana at Brand theaters, an 18-screen cinema. The acquisition is a win for AMC.

What is ice immersive 2d?

The ICE IMMERSIVE® technology is activated even before the movie starts, so you can watch film trailers in total immersion. The LED panels on either side of the auditorium create a unique visual atmosphere through shifting shapes and complementary colors from the main screen.

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.

Where are the ArcLight Cinemas in Los Angeles?

Most of these Arclight Cinemas are in prime shopping centers 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 landlords: They need each other for excellent business to resume.

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.

What to do in the city of Culver City?

Find information on the library, schools, day camps, farmer’s market, and the city cable channel. Housing, health, adult and youth services and volunteer programs and opportunities. Participate in the General Plan Update Mobility Alternatives Exercise!