Now that Hollywood’s ArcLight has closed, it now brings another blow to the Los Angeles special film scene: The 12-screen Landmark Pico will close at the end of the month after 15 years, the network said today.
Landmark Theaters’ headquarters, which has hosted countless Academy screenings since 2007 with the exception of the Deadline Screening Series for years, will close when the lease expires on May 31st.
“We’ve been working for months to extend Landmark Pico’s lease, but we couldn’t come to terms,” said Kevin Holloway, president of Landmark Theaters. “We are exploring opportunities to expand our presence in Los Angeles, with which we look forward to sharing more soon.”
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The timing of today’s news is particularly grim as specialty cinema has started making a comeback, with A24 all everywhere at once The return of the Arthouses after a drought fraught with a long pandemic. A photo taken in front of Michelle Ion opened on March 25 for over $ 500,000 in Los Angeles, New York and San Francisco averaging $ 50,965 across 10 screens. She is struggling to make $ 50 million, up from $ 42.7 million a week.
Closing Pico’s expectations will also hurt the box office of upcoming limited edition titles like Downton Abbey: a new era! Which will lose its main place in the Los Angeles area.
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“We are deeply grateful to the Pico staff, guests and the film community for their support over the years,” added Holloway.
Deadline spoke to several specialty distributors who said they were unhappy with Landmark Pico’s revenue after theaters reopened. There was a place in the mall where you went to the pandemic, to the empty office building. This couple with an older audience who were reluctant to return during Covid, and Pico just wasn’t happy with the clip that other Los Angeles theaters were doing.
What’s going on now? Sources say AMC Century City and AMC Grove, as well as Laemmle Theaters, will now be prime destinations for the prolific art house.
Laemmle Theaters reopen arthouse theaters in the Los Angeles area, including new multiplex in Santa Clarita
The Landmark Pico in the former West Side Pavilion, on Pico Boulevard near Westwood Avenue, also has great amenities and offers special arrangements with technology features, including a video simulation system for testimonials, presentations, and exaggerated questions and answers.
It is part of the chain that led to Charles S. of Cohen Media Group in 2018. Cohen bought it. Landmark Theaters operates nearly three dozen theaters with 195 screens, including recent acquisitions in Chicago and Annapolis, MD.
Landmark continues to operate the historic LA Nuart Theater in Los Angeles near 405 Boulevard in Santa Monica. The 1929 site, on which Landmark has been operating since 1974, is undergoing major renovations that began in March.
Source: Deadline
I am Anne Johnson and I work as an author at the Fashion Vibes. My main area of expertise is beauty related news, but I also have experience in covering other types of stories like entertainment, lifestyle, and health topics. With my years of experience in writing for various publications, I have built strong relationships with many industry insiders. My passion for journalism has enabled me to stay on top of the latest trends and changes in the world of beauty.
