Why did ArcLight closed?
ArcLight and Pacific executives remain silent on the abrupt announcement. But it appears that a key factor in the decision to close was rent, which is the largest fixed cost for theatrical exhibitors. Decurion Corp., the real estate company that owns ArcLight and Pacific, likely didn’t see a path forward.
Are all ArcLight closed?
In a huge blow to Los Angeles moviegoers, Pacific Theatres announced Monday that it is closing all of its Pacific and ArcLight Cinemas locations permanently after its business was roiled over the last year by the pandemic.
Who owns the ArcLight Hollywood property?
The Decurion Corporation
ArcLight Hollywood
| Address | 6360 West Sunset Boulevard Hollywood, California United States |
| Parking | Adjacent garage |
| Owner | The Decurion Corporation |
| Opened | 2002 |
| Website |
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Will ArcLight be bought?
While the movie theater sector continues to slowly recover from pandemic-related closures, AMC has bounced back thanks to Reddit investors and now plan to acquire ArcLight theaters, according to The Wrap.
Is ArcLight open?
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 will buy ArcLight?
AMC Entertainment
AMC Entertainment announced that it plans to raise $230.5 million for key acquisitions in the movie theater sector, with its eyes on buying ArcLight Cinemas and Pacific Theatres.
When did ArcLight Hollywood open?
2002
ArcLight Cinemas – Hollywood/Opened
What happens to ArcLight giftcards?
Not valid towards purchase of gift cards. Except as required by law, value of this card not redeemable for cash and will not be replaced if the card is lost or stolen, destroyed or used without your permission.
Who will buy ArcLight Cinemas?
AMC
The Wrap reports that AMC “plans to raise $230.5 million for key acquisitions in the movie theater sector — and confirmed talks to acquire venues operated by the now-shuttered ArcLight Cinemas and Pacific Theatres.”
Are there any ArcLight Cinemas in La Jolla?
The ArcLight Cinemas and Pacific Theatres chains, which closed due to the coronavirus pandemic, will not be reopening to moviegoers, the parent company announced Monday. ArcLight had 11 locations including La Jolla at Westfield UTC, Boston, Chicago, Washington and Los Angeles, notably the iconic Pacific Cinerama Dome on Sunset Boulevard.
Is the Arclight Theater in Los Angeles closing?
Arclight and Pacific Theaters got everyone’s attention with parent company Decurion’s April 12 announcement that the exhibitors would close their doors, effective immediately. Some of the most desirable theaters in Southern California, including the beloved Arclight Hollywood 15 screen complex and its Cinerama Dome, gone.
Who is the owner of Arclight in Hollywood?
Many of Arclight and Pacific’s 18 locations operated under leases, with different landlords. (Arclight Hollywood is an exception, which is owned by Decurion.)