ArcLight Cinemas / Pacific Theatres

ArcLight Cinemas' April 2021 permanent closure shocked Los Angeles - the beloved Cinerama Dome and ArcLight Hollywood wouldn't reopen after COVID. Parent company Pacific Theatres decided against restructuring, instead liquidating entirely. ArcLight had pioneered reserved seating and premium theatrical presentation. The decision to close rather than restructure suggested ownership saw no viable future for premium exhibition in a streaming world.