Looks like the Southern CA cinema chain Pacific Theatres will not be opening most of their movie theatres. They turned in the keys to the landlords and owners of the cinema property that they don't own a few days ago. A sad day for the huge curved screen Hollywood Cinerama Dome as this was one of their top theatres in the small Pacific chain.
I don't think all is not lost. This key return thing is just a legal move to reduce rents or pull out of areas that are not pulling in people.
The parent company that owns Pacific Theatres is owned by the Forman family called 'Decurion' they are not a poor company, In fact in the 1950's/60's William Forman the grandfather of the current brothers that run the company today bought cheap land around California for his Pacific Drive In circuit. The Decurion company not only has a ton of land $ that old outdoor cinemas were located they have turned many into malls with a Pacific Theatre multiplex built on a few of the former outdoor theatres. The Syufy family in Northern CA did the same thing with their old drive in land.
The young Forman's never liked Cinerama that they inherited and at one time had other ideas for the Hollywood Cinerama Theatre on Sunset Blvd in Hollywood CA. The Decurion company run by the Forman family is more into real estate these days. Being all their Pacific Cinemas have been closed the past year money was not coming in. Now just as most theatres are re opening they go and do this not opening again tactic. They probably collected all the government money that was given out to closed up businesses the past year.
Shame on the city of Culver City CA that is so money hungry during the C19 they want Pacific Theatres to pay a huge sum of back rent now and they have been closed for a year not collecting any coin admissions. When the nice Pacific Theatre Culver City leaves downtown CV the city will be sorry. The downtown will go under without a cinema.
I think the land that the Hollywood Pacific Cinerama sits on is owned by the Formans so some day soon after all the dust settles with the landlords and property owners Pacific let's hope will re open the Dome.
At least the 'Decurion' Forman family company can transfer some of the cash they are getting for valuable land they own and rents in Southern CA to help with the re opening of their great Pacific Theatre chain or who knows maybe they want out of the movie theatre business after all these years when things can be watched at home streaming?
The long closed up original Warner Hollywood Cinerama Theatre still sits closed on Hollywood Blvd. You would think the Forman family would do something with this classic theatre that is still in good shape but it just sits closed year after year!
I don't think all is not lost. This key return thing is just a legal move to reduce rents or pull out of areas that are not pulling in people.
The parent company that owns Pacific Theatres is owned by the Forman family called 'Decurion' they are not a poor company, In fact in the 1950's/60's William Forman the grandfather of the current brothers that run the company today bought cheap land around California for his Pacific Drive In circuit. The Decurion company not only has a ton of land $ that old outdoor cinemas were located they have turned many into malls with a Pacific Theatre multiplex built on a few of the former outdoor theatres. The Syufy family in Northern CA did the same thing with their old drive in land.
The young Forman's never liked Cinerama that they inherited and at one time had other ideas for the Hollywood Cinerama Theatre on Sunset Blvd in Hollywood CA. The Decurion company run by the Forman family is more into real estate these days. Being all their Pacific Cinemas have been closed the past year money was not coming in. Now just as most theatres are re opening they go and do this not opening again tactic. They probably collected all the government money that was given out to closed up businesses the past year.
Shame on the city of Culver City CA that is so money hungry during the C19 they want Pacific Theatres to pay a huge sum of back rent now and they have been closed for a year not collecting any coin admissions. When the nice Pacific Theatre Culver City leaves downtown CV the city will be sorry. The downtown will go under without a cinema.
I think the land that the Hollywood Pacific Cinerama sits on is owned by the Formans so some day soon after all the dust settles with the landlords and property owners Pacific let's hope will re open the Dome.
At least the 'Decurion' Forman family company can transfer some of the cash they are getting for valuable land they own and rents in Southern CA to help with the re opening of their great Pacific Theatre chain or who knows maybe they want out of the movie theatre business after all these years when things can be watched at home streaming?
The long closed up original Warner Hollywood Cinerama Theatre still sits closed on Hollywood Blvd. You would think the Forman family would do something with this classic theatre that is still in good shape but it just sits closed year after year!
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