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Any number of players in the exhibition business would be interested in taking over operation of The Hollywood ArcLight Cinema complex.
That includes the adjoining Cinerama Dome, a historic landmark built in the early 1960s by the Decurion Corp., which has morphed into a real estate power player. Last month, Decurion stunned Hollywood and rival cinema chains when announcing it won’t reopen any of its ArcLight and Pacific Theatres locations.
On Wednesday, Marcus Theatres CEO Greg Marcus told investors that some of the sites, such as ArcLight Hollywood and the Pacific Grove Theatre, are too productive to stay dark.
“There’s nothing to report right this second, but we are open and available for discussions,” he said.
Other companies haven’t commented publicly, but insiders tell THR that players like Imax or Cinemark could potentially strike a deal with Decurion to keep some of the locations up and running, not to mention other chains akin to Marcus.
So far, Decurion hasn’t said what its intentions are beyond announcing the closures. Any ArcLight Hollywood deal is complicated by the fact that Decurion owns the land under the Cinerama Dome, but not the land under the new ArcLight Hollywood multiplex.
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