By It’s always great to start the week with some wonderful news. As announced by parent company Decurion, both ArcLight Cinemas and Pacific Theatres will not be reopening in their respective cities once COVID-19 restrictions are lifted. Wait…that’s not good news. That’s terrible news!
Shockingly, Decurion made the announcement today that after much deliberation, it has decided to close both of the historic locations due to the uncertainty surrounding the current pandemic. “This was not the outcome anyone wanted, but despite a huge effort that exhausted all potential options, the company does not have a viable way forward,” wrote the company in an official statement.
A report by Deadline suggests that isn’t the full story. The publication alleges that Decurion is being strongarmed, so to speak, by its landlords during lease negotiations. I won’t make any assumptions here, but this decision is likely a way to fish for outside investors to come and save both cinemas.
It’s a really messy situation that I wish we knew more about. While you may not be overly familiar with the names of either theater, the ArcLight Cinemas is world-renowned for its famous “Cinerama Dome.” A favorite of many filmmakers, the Dome has been operating for 58 years and was even featured in Quentin Tarantino’s Once Upon a Time in Hollywood. It would be incredibly sad to see it close just because a landlord got greedy during the pandemic.
Source: Deadline
