Transcript for By The Numbers: Arclight Cinemas & Pacific Theatres to close
Now to news it is sending shockwaves through Hollywood and beyond the iconic art Blake cinemas and Pacific tutors are closing down for good after months of losing business during a pandemic. We take a closer look by the numbers Pacific theaters operates about 300 screens in California including the historic center Ramadan which is talent 75 feet over Sunset Boulevard. Since 1963. The LA landmark has appeared in numerous films including Quentin Tarantino's 2019 will be once upon a time in Hollywood. And hosted some of the biggest budget movie premieres. Also shattering his VR glade Hollywood which opened in 2002. It was the first to make our flight chain and introduce the concept of reserved movie theater seating and also ushers. The entire industry has just been pummeled movie theater ticket sales plunged 81% in twirling Tony in the US and Canada. Meanwhile and perhaps unsurprisingly. The market for home and mobile entertainment shut up 21%. Last year according to the national association of tear owners. His semen to ABC news Pacific theatres at closing was told not the outcome anyone wanted but despite a huge effort that exhausted all potential options. The company does not have a viable way forward. For Tinseltown. This is certainly the end of common Ara.
This transcript has been automatically generated and may not be 100% accurate.