Fears are growing for the future of Paris’s historic 87-year-old UGC Normandie cinema on the French capital’s Champs-Élysées Avenue following reports it will close this June due to a combination of high rent and decline in business.
With an 862-seat capacity and 16-meter screen, the four-screen venue’s biggest theatre, the Grand Normandie, is Paris’ second biggest cinema theater after the Grand Rex.
It is one of the key theatres for local and international film premieres, with starry red carpets including Wonka and Killers of the Flower Moon over the past six months, and the venue of the Cannes Film Festival’s annual line-up press conference in April.
French media are reporting that French exhibitor UGC is planning to abandon the site if it fails to negotiate a lower rent with landlord, the Qatar Investment Authority (QIA).
Read more on deadline.com