Grauman’s Chinese Theatre sold
HOLLYWOOD, CA — The Los Angeles Times is reporting that the legendary Grauman’s Chinese Theatre (and its sister theatre the Chinese 6 located in the Hollywood & Highland Center) has been sold to 2 movie producers.
Neither Samaha nor Kushner were immediately available to discuss their plans for the theater, but one person familiar with the matter said the theater will continue to screen movies and host premieres and that the new owners plan to upgrade food and beverage services.
The sale involves the Grauman’s building only and not the land the theater sits on, which in 2007 was sold to the CIM Group, which owns the Hollywood and Highland complex and other commercial properties in Hollywood.
UPDATE 4/29 2:30PM: This story in Hollywood Elsewhere discusses some rumors regarding the future of the Chinese.