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Pat Saperstein
Deputy Editor
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GC Images Warner Bros. isn’t the only Los Angeles institution getting absorbed into Skydance this month. The Bay Theatre in Pacific Palisades, which was formerly operated by Netflix and before that by Cinepolis, will be taken over by Paramount Pictures with San Diego’s The Lot handling operations. The opening is planned for later this year.
The Bay Theatre has been closed since the wildfires damaged much of the upscale Los Angeles community in January 2025. The five-screen multiplex is located in Rick Caruso’s Palisades Village shopping area, which reopened in August after extensive remediation and repairs due to the fires. The theater’s vintage-looking sign is a nod to the community’s historic Bay Theatre, which stood nearby on Sunset Boulevard until closing in 1978.
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