This spring, LA’s famous Cinerama Dome and about 300 other cinemas owned by Pacific Theatres and ArcLight Cinemas were closed down. The company said it no longer had “a viable way forward”, prompting calls for a saviour like Tarantino to come in and save the Cinerama Dome. (Tarantino passed on it, but did add a second LA landmark, the Vista, to his collection.)
Around the same time, Alamo Drafthouse, an independent theatre chain, filed for bankruptcy protection, though it will continue operating after selling its assets to a pair of private equity investors. Other casualties are expected.
Source: Why we all lose if cinemas can’t solve their existential crisis | Financial Times