The Los Angeles-based theater chain will remain family owned. But Thursday is the last day of business for the company's Music Hall location in Beverly Hills.
Los Angeles-based cinema chain Laemmle Theatres, best known for showcasing arthouse movies and foreign gems, is taking down the “for sale” sign after months of seeking a buyer.
“We don’t want to react to short-term trends,” Laemmle said in an interview. “But for us, something that goes on for more than six months becomes more than a short-term trend.”, Laemmle said. Some speculated that potential suitors would include Regency Theatres and Landmark Theatres, which sold to New York real estate billionaire Charles S. Cohen about a year ago.
“We feel we can cover much of the programming that played at that theater in other locations,” he said. “It was better to bite the bullet, finally, and get ahead of the curve on it.”seven-screen theater
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