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MiloDinosaur
2021-07-20

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AMC signs deal to lease The Grove and Americana, two of Los Angeles' top-grossing cinemas

AMC Entertainment, the worlds largest cinema chain, is adding two more Los Angeles locations to its

AMC signs deal to lease The Grove and Americana, two of Los Angeles' top-grossing cinemas

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Both locations were formerly operated by Pacific Theatres and are owned by real estate company Caruso.\nIn 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 thecoronavirus pandemic.\nIn 2018, The Grove theater was the second-highest grossing cinema and the Americana was the fifth-highest grossing cinema in the Los Angeles area. 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