Monday, June 17, 2024

ArcLight Theater Chain, with 300 Theaters Including Cinerama Dome in Hollywood, Closing for Good

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The wealthy Forman family of Los Angeles is shutting down the 300 theater chain including the ArcLight and Pacific Theaters. For good.

This includes the 58 year old historic Cinerama Dome in Hollywood.

It’s a ploy as landlords to see what they can get for the real estate. Someone, maybe Netflix, will swoop in and save the Cinerama Dome, no doubt.

But the other 300 theaters are in peril. With theaters shut for the pandemic, Decurion– the Formans’ corporation — is losing money. If you saw the mansion Christopher Forman lives in, which he bought for $27 million in 2007, you’d see why preserving cinema isn’t of much interest.

This is a tragedy. Even if a white knight comes in, this is a blow to the theater business.

Here’s Forman’s Bel Air mansion. Think he’s got a screening room in there? Closing it down? Nah.

Hey LA, we know what it’s like. We lost the Ziegfeld and many others in recent years. It’s a shock.

 Here’s the chain’s lame statement:

After shutting our doors more than a year ago, today we must share the difficult and sad news that Pacific will not be reopening its ArcLight Cinemas and Pacific Theatres locations.

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.

To all the Pacific and ArcLight employees who have devoted their professional lives to making our theaters the very best places in the world to see movies: we are grateful for your service and your dedication to our customers.

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

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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