Connect with us

Business

81-Year-Old Arthouse Leammle Theatres Could Be Up For Sale ​

Published

on

Leammle Theatres, Southern California’s 81-year-old arthouse chain, could be up for sale ​

LOS ANGELES (Daily Bulletin) — The Laemmle Theatre chain, Southern California’s 81-year-old, family-run arthouse cinema exhibitor, has reportedly put all or part of its nine-venue operation up for sale.

“We’re exploring a number of different options,” was all the West L.A.-based company’s president, Greg Laemmle, felt comfortable saying about the situation, adding that he was not denying recent reports. He indicated it was impossible Monday to relate any additional information about the future of the chain, which has theaters in Claremont, Pasadena, Glendale, North Hollywood, Encino, Beverly Hills, Santa Monica and West. L.A.

The circumstance arises at a time when what might be called upscale moviegoing – to films made for discerning, adult audiences at theaters that offer fancy drink and food options – is going through some changes.

The high-priced, luxury iPic chain , which operates venues locally in Pasadena and Westwood, filed for Chapter 11 bankruptcy protection earlier this month and is seeking a […]

Continue reading at www.dailybulletin.com

Continue Reading
Advertisement
Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trending