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Bay Theater to Reopen Friday Under Skydance’s Paramount

Restoring a neighborhood cinema after extensive fire repairs, the reopening positions Skydance’s Paramount as a studio-operated local exhibitor.

Overview

  • The Bay Theater in Pacific Palisades will reopen to the public this Friday after closing when the January 2025 Palisades fire forced the venue to shut.
  • Paramount’s opening slate includes the studio’s Ebenezer with Johnny Depp plus first-run titles such as The Cat in the Hat, Wild Horse Nine, You Can See Everything and Godzilla Minus Zero.
  • Skydance’s Paramount took a long-term lease last month and the five-screen venue will be operated by luxury dine-in chain The Lot with laser projection, immersive surround sound and in-seat dining service.
  • The reopening follows Palisades Village’s August return after more than $100 million in fire remediation and is presented by developer Rick Caruso and Skydance CEO David Ellison as a restored community gathering place.
  • Industry observers say the move fits a wider trend of studios and investors taking direct stakes in Los Angeles exhibition and could give studios new venues for premieres and curated programming as they reshape distribution strategies.