Save the American Cinematheque at the Egyptian Theatre

0 have signed. Let’s get to 2,500!

Kim Cooper
Kim Cooper signed this petition

As members of the American Cinematheque and patrons and fans of its programming, we demand transparency about the proposed sale to Netflix of the Egyptian Theatre and of the financial status of the non-profit. 

The American Cinematheque is a membership-based non-profit organization that owns and operates the landmark Egyptian Theatre on Hollywood Boulevard, a building that was gifted to the Cinematheque by the City of Los Angeles for the symbolic price of $1. We understand that the theater is held in the public trust.

Currently operating without an Executive Director and with its charitable status listed as “Delinquent” due to incomplete tax filings dating back to 2015, the Cinematheque’s board of directors has apparently offered the Egyptian Theatre for sale to Netflix, the employer of board member Ted Sarandos.

The California Attorney General is currently investigating the American Cinematheque for its failure to file required financial information, its claim to have lost this information due to staff incompetence, illness and computer problems, and two unexplained outstanding loans to board members. (PDF link.)

In light of the ongoing financial mismanagement by the American Cinematheque board resulting in potential loss of its non-profit status, the board’s failure to hire a new Executive Director, the potential conflict of interest should board member Ted Sarandos’ employer Netflix purchase the theater, and the failure to inform the members that a financial crisis might require sale of the theater and threaten the very existence of the non-profit, we the undersigned call for a halt to any sale, and a public meeting at the Egyptian Theatre where representatives of the non-profit will explain the situation, take and respond to questions, and engage in a free, open and transparent dialogue moving forward about the future of this treasured membership-based non-profit and its sole asset, the Egyptian Theatre. 

The future of the American Cinematheque and the Egyptian Theatre should be determined in an open conversation that includes the members and a qualified Executive Director, and not in secret by the board of directors and Netflix.