The Angelika Plano, a boutique theater at The Shops at Legacy shopping center, has closed.
The theater shared the news on its Facebook page Thursday, saying that “a variety of economic challenges” made it impossible to stay open.
“For the last 20 years, it has been a great honor, as the manager of the Angelika Plano, to present area audiences with not only the best in independent and specialty film, but also the best in global cinema,” the post said.
Opened in 2004, the theater included five screens and a cafe and bar on the second floor. It was the second Angelika location in the D-FW area after the one at Mockingbird Station in Dallas debuted in 2001.
The Angelika chain has seven other locations in the United States: three in New York, two in the Washington, D.C. area and two in California.
Its parent company, Reading International, closed three non-Angelika theaters in the U.S. in the last year, according to the company’s first-quarter financial report. The report disclosed a net loss of $13.2 million and a 2% decrease in total revenues compared to last year, noting that “the disrupted movie release schedule caused by the 2023 Hollywood Strikes continued to negatively impact our financial results.”
The Angelika Plano’s closure comes during a difficult time for cinemas across the country. Though the releases of Barbie and Oppenheimer boosted ticket sales last summer, 2023 box office revenues were still $2 billion shy of their pre-pandemic totals, according to The Associated Press. All five Alamo Drafthouse locations in North Texas also closed this week.
