After ArcLight Cinemas’ closure, what happens next?

April 16, 2021Media Mention
Los Angeles Times

Bankruptcy partner, Jeff Krieger, provided commentary to Los Angeles Times regarding the announcement that ArcLight Cinemas and Pacific Theatres will not be re-opening. COVID-19 closures have caused many businesses, such as movie theaters, to incur insurmountable amounts of debt making it very difficult to recover. The future of box-office also remains uncertain, as many companies that backed theaters are moving towards streaming services.


“In the past, landlords can aggressively deal with a tenant who’s not able to pay, but that has not been the case since the pandemic.”

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