Overview
- Pruneyard Cinemas said Friday it reached an agreement with Regency Centers that keeps the theater operating.
- The adjoining Cedar Room bar will also remain open, according to the announcement posted on the theater’s website.
- The operator had planned a permanent shutdown on Jan. 25 following a Jan. 8 notice citing rising costs.
- The announcement thanked patrons for an outpouring of community support credited with helping secure the agreement.
- Details of the deal were not released, Regency Centers did not respond to requests for comment, and the dispute also continues in court after a December lawsuit alleging rent hikes and mismanagement alongside industry pressures from the pandemic and the 2023 Hollywood strikes.