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Pacific Theatres Files For Chapter 7 Bankruptcy

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deadline.com
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Pacific Theatres Exhibition Corporation, which includes Arclight Cinemas, is really not set to reopen.The company released a statement today that they’re filing Chapter 7 in order to liquidate their assets for creditors.As we previously reported, AMC is closing on a deal to take on the leases of Pacific’s multiplexes at The Grove in Los Angeles and The Americana in Glendale, CA; both Caruso owned properties.Here’s their statement:After a year of the pandemic’s devastating effect, Pacific Theatres Exhibition Corporation announced in April that it would not reopen its ArcLight Cinemas and Pacific Theatres locations.

Having taken steps to wind down the business, the company today is seeking protection under Chapter 7 of the Bankruptcy Code in

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