Sad news from Anthony D’Alessandro at Deadline:
The last thing we needed to hear as the box office and exhibition are rebounding from the pandemic was a piece of bad news, but word spread like wildfire in distribution and exhibition circles Monday that the Arclight Cinemas and Pacific Theatres won’t be reopening. The chain, owned by Decurion, has issued a statement — read it below.
The statment reads in part:
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.
But as D’Alessandro points out:
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. These are some luxurious cinemas, and if Decurion can’t revive them, another exhibitor, perhaps an international one like Cinepolis, just might.
So it’s less a question of Arclight re-opening, and more a question of under which new management Arclight is able to re-open under. The Pacific will definitely be saved — if not by a traditional theater owner, then I have no doubt that Netflix, Amazon, Disney, AT&T/Warner, Comcast/Universal, or even Apple will come along to buy both a valuable Hollywood landmark and impressive cinematic screening space.
I saw a few movies in the Arclight when I was a Pasadena resident, and the expirence was really nice. It was still a theater, concessions were still ridiculous, the lobby still smelled stale, but the theaters were clean, the screens were bright, the sound was great, and the seats were comfy AF. I really hope they can re-open.