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Marcus CEO Says Movie Chain Is Open To Deal For Arclight Cinemas; “Arclight Is Reopening, I’ll Take That Bet With Anybody”

Marcus CEO Says Movie Chain Is Open To Deal For Arclight Cinemas; “Arclight Is Reopening, I’ll Take That Bet With Anybody”

Greg Marcus, CEO of Marcus Corp., was shocked when Arclight Cinemas and Pacific Theatres went dark. “I happened to notice that. It caught my attention,” he joked. “I said, ‘What? Arclight is not reopening?’ Arclight’s reopening. I’ll take that bet with anybody who wants to bet me on that. Those theaters are so productive nationally that they will reopen. I just don’t know who will control them. We certainly welcome those discussions.”

“There’s nothing to report right this second, but we are open and available for discussions,” he told investors on a call to discuss first quarter earnings where execs stressed that as the economy reopens, Marcus is looking for opportunities to grow its theater network.

Decurian, owner of the Arclight Cinemas and Pacific Theatres announced last month the chain won’t be reopening even as Los Angeles is. Its crown jewel is the Hollywood Arclight on Sunset Boulevard,

See full article on Deadline