Paramount Pictures to Take Over Bay Theatre in Pacific Palisades
The five-screen multiplex in Rick Caruso's Palisades Village will be operated by The Lot, with an opening planned for later this year.
Paramount Pictures will take over the Bay Theatre in Pacific Palisades, with The Lot handling operations and an opening planned for later this year. The five-screen multiplex is located in Rick Caruso's Palisades Village shopping area.
Rick Caruso made the deal with Paramount to showcase first-run theatrical releases, classic films, events and special programming. 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.
The Bay Theatre has been closed since the wildfires damaged much of the upscale Los Angeles community in January 2025. Palisades Village reopened in August after extensive remediation and repairs due to the fires.
The Bay Theatre was formerly operated by Netflix and before that by Cinepolis. Skydance Chairman & CEO David Ellison did not comment on the agreement.
Quick answers
When will the Bay Theatre open?
The opening is planned for later this year, according to the announcement.
Who will operate the Bay Theatre?
The Lot will handle operations under Paramount Pictures, which is taking over the theater.
Where is the Bay Theatre located?
The five-screen multiplex is in Rick Caruso's Palisades Village shopping area in Pacific Palisades.