Overview
- The company said Friday it reached an agreement with Regency Centers that keeps the theater and its Cedar Room bar operating.
- The decision reverses a Jan. 8 plan to close on Jan. 25 after more than five decades in business.
- No terms were disclosed, and Regency Centers had not responded to requests for comment while a theater spokesperson declined to elaborate.
- The theater sued the landlord on Dec. 19, alleging unfair rent increases and mismanagement at The Pruneyard shopping center.
- Management credited strong public support for helping drive the outcome after years of financial strain from the pandemic and the 2023 Hollywood strikes.