The cinema in Lothian Road closed in October 2022 after its parent company went into administration.
About 100 jobs were lost and the B-listed building was then sold by administrators for £2.65m in April this year.
The new owners have agreed a lease with a charity which is aiming to open the cinema once again as an independent venue for film.
Source: https://www.bbc.com/news/uk-scotland-edinburgh-east-fife-66730117