Arclight Cinemas And Pacific Theatres Chains Shut Down: How Does This Impact The Movie Business?
The U.S. film exhibition industry absorbed a major loss as the privately-held Decurion Corporation announced the closure of its Arclight Cinemas and Pacific Theatres chains.
What Happened: The two chains have been shuttered since the COVID-19 pandemic took root in March 2020. In a statement, the company announced operations will not be revived.
