Fox for Sale - Part 2

Last summer, we noted that Westwood's Fox Theater - a local landmark - was for sale.* Now it appears there is a buyer. From the Hollywood Reporter:

One of Westwood’s historic movie theaters will soon have new ownership. Filmmaker Jason Reitman is leading an unnamed group of investors in purchasing the art deco Fox Village Theater, located at 945 Broxton Ave. The news, first reported by The Ankler’s Peter Kiefer, was confirmed by The Hollywood Reporter. Per the initial report, Reitman and crew are “weeks away” from taking over the property in a deal that is currently in escrow...

Westwood was once home to a lively theatrical scene, thanks to the Fox Village, the adjacent Regency Bruin and the Landmark Westwood just a stone’s throw from the other two. In recent years, however, amid the rise in streaming and the blows caused by the pandemic, the Westwood theaters are largely known in Hollywood circles as go-to rental hubs for red carpet premieres...

It’s unclear what Reitman and his investors will do with the property, which reportedly is in need of an upgrade. Reitman has the movie business in his DNA. The son of late influential filmmaker and producer Ivan Reitman, Jason Reitman has been making movies since the late ’90s...

Full story at https://www.hollywoodreporter.com/movies/movie-news/jason-reitman-westwood-fox-village-theater-ownership-purchase-1235813970/.

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*https://uclafacultyassociation.blogspot.com/2023/07/fox-for-sale.html.