Topline:

Why it matters: American Cinematheque also programs the Aero Theatre in Santa Monica, the Egyptian Theatre in Hollywood and the Los Feliz Theater, making it a visible and active film arts nonprofit in the industry.

The backstory: The nearly century-old movie palace went up for sale in 2024 before VDC bought it in February. The group is comprised of more than 30 notable filmmakers. They're led by director Jason Reitman ( Thank You For Smoking, Juno ) and their ranks include Guillermo del Toro, Alfonso Cuarón, Lulu Wang, Chloé Zhao, Christopher Nolan and Ryan Coogler.

What's next: VDC says it's eyeing a 2027 opening for the Village Theater, and is currently in the quiet phase of a capital campaign to raise $25 million to restore and remodel the Village Theater into a more

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