HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
did they just not apply for PPP relief? if it's only an issue of back rent being owed, it doesn't make much sense to shut down a whole chain
like, if AMC could cobble together a billion+ in financing to get through . . . a few hundred thousand in back rent is small potatoesÂ
it feels like there has to be more to the story we're not privy to
Deadline: Pacific Theatres - Arclight Cinemas closing is now Deadline Official. Apr 12, 17:05
Pacific Theater built and owns the Cinerama Dome. Apr 12, 17:16
So it should be its own landlord at the Hollywood location. {nm} Apr 12, 17:17
It *should*. As it would be a travesty to wasted a landmark Hollywood theater. :( {nm} Apr 12, 17:19
*waste. {nm} Apr 12, 17:22
The Dome is right down the street from Netflix. {nm} Apr 12, 17:29
Disney also reportedly sniffing around at theater locales {nm} Apr 12, 17:32
DL updated the article. "part of a thick lease negotiation" the landlord decides if they want the exhibitor back. {nm} Apr 12, 17:25
did they just not apply for PPP relief? if it's only an issue of back rent being owed, it doesn't make much sense to shut down a whole chain Apr 12, 17:27
People outside LA just need to understand how much of a big deal this is. {nm} Apr 12, 17:28
somebody will buy/take over the Hollywood location if only for the Dome alone (QT won't let it die) {nm} Apr 12, 17:30
I'm not sure QT would pony up the money himself since I'm sure he's losing a bundle on New Beverly, but someone sure. {nm} Apr 12, 17:42
he owns NB and they mostly play his prints {nm} Apr 12, 20:17
People in L.A. need to understand that they're not the center of the world -- guy from NYC :) {nm} Apr 13, 00:57
Neither is NYC anymore... {nm} Apr 13, 09:49
Had a feeling something like this might be coming. What dreadful news. Heartsick over this. Apr 13, 00:18