Jason Reitman Leads Group to Buy Fox Village Theater in Westwood – The Hollywood Reporter

Fox Village Theater Westwood

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One of Westwood’s historic movie theaters will soon have new ownership.

Director Jason Reitman is leading an unnamed group of investors in purchasing the art deco Fox Village Theater, located at 945 Broxton Street. Ankler Peter Keifer has previously been confirmed Hollywood Reporter. According to the initial report, Reitman and his crew are “weeks away” from taking over the property in a deal that is currently under escrow.

Last summer, reports emerged that the iconic Fox Village was up for grabs for $12 million, listed by Newmark Capital Markets Group, which touted the theater as an “iconic property” and “one of the most iconic landmark properties in Los Angeles.” The listing also stated that the 24,099-square-foot building, which includes 1,375 seats inside the theater, had not previously been for sale.

Westwood was once home to a lively theater scene, thanks to the nearby Fox and Regency Bruin Village and Landmark Westwood just a stone’s throw from the other two towns. However, in recent years, amid the rise of live streaming and the hits caused by the pandemic, Westwood theaters have become largely known in Hollywood circles as rental hubs for red carpet premieres.

Apple TV+ and Amazon host many Fox Village premieres, and oftentimes, so do Netflix and other Hollywood studios. Apple recently hosted the world premiere of its epic series Air masters There with stars like Callum Turner, Barry Keoghan and Austin Butler making the rounds, alongside Steven Spielberg and Tom Hanks.

It is unclear what Reitman and his investors will do with the property, which is said to be in need of an upgrade. Reitman has filmmaking in his DNA. The son of the late influential director and producer Ivan Reitman, Jason Reitman, has been making films since the late 1990s. His credits include Thank you for smoking, juno, in the air, young adult, labor day, men, women and children, take over, first runner And Ghostbusters: Afterlife. Directed afterwards Snell 1975.