LAist is part of Southern California Public Radio, a member-supported public media network. For the latest national news from NPR and our live radio broadcast, visit LAist.com/radio
Share This
Topline:
Why now: The Spanish Mission-style building with its iconic 170-foot neon-lit “Fox” tower was put up for sale last summer through Newmark Capital Markets and the family owned company Regency Theatres Group.
The backstory: Founded in 1931 as part of the chain of Fox theaters, the venue was given a historic cultural monument designation in 1988. The California-based Regency Theatres Group has operated the Village since 2010 and it most recently went up for sale last summer. Reitman and other directors purchased the building for an undisclosed price.
What’s next: Reitman’s investment group includes people like Steven Spielberg, Guillermo Del Toro, Lulu Wang, Chloe Zhao, Emma Seligman and Christopher Nolan. The new owners plan on bolstering interest in the theater by displaying props, wardrobe, and prints from their own projects and personal collections in the 1,300-seat venue.
Go deeper: Westwood’s Once Booming Movie Theatre Culture Fading To Black
LAist is part of Southern California Public Radio, a member-supported public media network. For the latest national news from NPR and our live radio broadcast, visit LAist.com/radio
Hollywood Directors Unite To Purchase Historic Westwood Village Theater – LAist
Leave a comment