Pacific Theatres Files For Chapter 7 Bankruptcy - Deadline
Pacific Theatres Exhibition Corporation, which includes Arclight Cinemas, is really not set to reopen anytime soon.We hear that “the assets” which this bankruptcy pertains is the equipment, seats, projectors, and popcorn machines as the all the Arclight and Pacific locations, except for the Arclight Hollywood and Cinerama Dome which is owned by a different company.Many of those in distribution circles believe that the Cinerama Dome/Hollywood Arclight will eventually reopen, it’s just a question of when and this news of Chapter 7 just provides more grey clouds as it’s clear Pacific will not be reorganizing.After a year of the pandemic’s devastating effect, Pacific Theatres Exhibition Corporation announced in April that it would not reopen its ArcLight Cinemas and Pacific Theatres locations.