Brent Lang Executive Editor of Film and MediaTwo popular Los Angeles movie theaters are under new management after AMC Entertainment announced Monday that it will assume the lease of The Grove in West Hollywood and The Americana at Brand in Glendale.News that AMC, the world’s largest exhibition chain, was in negotiations to take over the venues broke in June and came after its operator, the Pacific Theatres chain, was shut down permanently in April.
The Decurion Corp., the owner of the chain, also shuttered the ArcLight Cinemas and is facing lawsuits alleging that the company breached its lease obligations to pay rent.This week, AMC said it has reached an agreement with Caruso, a privately owned real estate company to take over the leases.
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