Los Angeles Times

Jason Reitman and a group of directors have bought LA's iconic Village Theater

An exterior view of the theater during the world premiere of Sony Pictures' "Madame Web" at Regency Village Theatre on Feb. 12, 2024, in Los Angeles.

LOS ANGELES — One of the most beloved movie theaters in Los Angeles, the historic Village Theater in Westwood, is now under new management — and the owners include some of the biggest names in Hollywood.

On Wednesday, a coalition of directors led by Jason Reitman announced they had closed a deal to take over the 93-year-old movie palace that has been a favorite site for movie premieres since its opening in 1931, with a 170-foot white Spanish revival/art deco tower that has long served as a beacon for film lovers in search of old-school Hollywood glamour.

Originally part of the Fox Theaters chain, the Village, which was designated a historic-cultural monument in 1988, has been owned and operated by the Regency Theatres group since 2010. When the theater — used as a location in Quentin Tarantino's 1960s-set "Once Upon a Time… in Hollywood" — went up for sale last year, Reitman moved quickly

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