Pacific Theatres Files For Chapter 7 Bankruptcy
BY ETAN VLESSING | HollywoodReporter.Com Troy Warren for CNT The exhibitor, which includes Arclight Cinemas, will liquidate assets to repay creditors. The impact of the pandemic has Pacific Theatres Exhibition Corporation not opening the doors on its ArcLight Cinemas and Pacific Theatres locations. The embattled exhibitor, with in all 16 locations, has instead filed for Chapter 7 bankruptcy to liquidate its remaining assets for its creditors, the company said on Friday. “We are deeply grateful to our employees, our guests, and the film community for coming together over the past decades to create so many wonderful moviegoing experiences,” Pacific Theatres Exhibition…