AMC Entertainment Holdings Inc. plans to revive two more shuttered Pacific and ArcLight movie theaters, continuing a strategic acquisition plan targeting key cinemas in major markets.
AMC AMC, -5.35%, the world’s largest theater chain, said Wednesday it has reached lease agreements and will reopen the Northridge Fashion Center 10 in Northridge, Calif., and the former ArcLight Chicago 14 in Chicago’s Lincoln Park neighborhood, which will be renamed the AMC Chicago 14.
The high-end theaters were previously run by ArcLight Cinemas and Pacific Theatres, which closed them in spring 2020 due to the pandemic, and announced this past April that they would not reopen, to the disappointment of many movie-goers. Many of the chain’s locations were in heavily populated metro areas and among the nation’s highest-grossing theaters before the pandemic.
“These theaters have previously been high-traffic, successful locations, in two of AMC’s top markets, and we are pleased…