Arclight Gets an Eviction Notice, Regal Defeated by Landlords: Theater Battles Get Real

Arclight Gets an Eviction Notice, Regal Defeated by Landlords: Theater Battles Get Real
A three-day eviction notice landed on the front door of ArcLight Cinemas’ Culver City, California location last week. Landmark Theaters in River Oaks closed — Houston’s only dedicated first-run specialized theater. And in Boca Raton, Florida, a landlord won a nearly $900,000 judgment against a Regal theater for nonpayment of rent.

The Arclight notice, dated March 29, states that parent company Pacific Theaters Exhibition has not paid March 2021 rent of $181,900.40. (That projects to just under $2.2 million for a full year.) The notice states that it is due in full, payable to collections agent Caitlin Brannon. Reached at her office, Brannon confirmed the notice but would not further confirm its status beyond, “It’s in legal now.”

When legal restrictions were in place, many theaters could argue against rent. In Los Angeles, that defense dissolved when the city authorized operations in mid-March. Arclight and Pacific are both operated by the privately owned Decurion Corp.
See full article at Indiewire »

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