IMPORTANT UPDATE ON ARCLIGHT CINEMAS
Apr 19, 2021 —
Hey everyone! I received important behind the scenes information about what's going on regarding Arclight Cinemas, and a possible solution to save the chain. A source who is highly reputable sent me this.
"Rick Caruso is the reason Pacific Theatres decided to close all their theatres. Paying Caruso back after a year of being shut was financially impossible and he was unwilling to negotiate. Those theatres, and their profitability, helped Pacific book some of their other venues. Without those theatres some of their other venues would become unviable, thus walking away from the Grove and Americana and keeping the rest of open would be difficult because of (1) programming issues and (2) the threat of a lawsuit from Caruso. By closing everything, including the Arclight on Sunset, meant a lawsuit was far less likely to be successful. As for Caruso operating the theatres himself... well, that would be interesting. More likely he'll get existing cinema operators to manage them."
Rick Caruso is the billionaire owner of The Grove & Americana. Does anyone have contacts with him or the Caruso company? It is not too late to save Arclight Cinemas! Remember Pacific owns Arclight. Thank you!
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