Who will step in to save LA’s most beloved movie theaters? ...Middle East

Quartz - Economy
Who will step in to save LA’s most beloved movie theaters?
source : Quartz ( Middle East ) () 16
The most beloved movie theaters in Los Angeles are closing. Now cinephiles in the movie-obsessed city are shining a Bat-Signal into the sky, hoping a deep-pocketed company (or individual) will swoop in and rescue them. The question is: Who will answer the call?ArcLight Cinemas and Pacific Theatres are permanently shuttering all 16 of their southern California locations, the theater chains announced in a statement yesterday, citing financial hardship brought about by the Covid-19 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,” the statement said. Both chains, which are owned b

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