AMC is taking over the leases of the Grove shopping complex and the Americana at Brand. Both locations were formerly operated by Pacific Theatres.
AMC is taking over the leases of the Grove shopping complex and the Americana at Brand, two of Los Angeles' most lucrative theater locations.AMC is expected to reopen these theaters in August.Mandel Ngan | AFP | Getty Images, the worlds largest cinema chain, is adding two more Los Angeles locations to its roster.
In April, Decurion, which owned the Pacific Theatre and ArcLight Cinema chains, said it would not be reopening its 17 locations. AMC, which has collected more than $1.6 billion in cash from stock sales, had previously disclosed that it was looking at several of Decurion's old leases, looking for locations that had strong ticket sales before the pandemic.
"These two theaters each are located in world-class lifestyle centers offering the best in retail, dining and entertainment options," AMC CEO Adam Aron said in a statement Monday. "Each was conceived and is run by Caruso, one of the largest and most admired privately-held real estate companies in the United States."
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