Beloved Palisades Movie Theater To Reopen Under Paramount Deal

PACIFIC PALISADES, CA — The Bay Theater in Palisades Village is set to reopen under a new partnership between Paramount Pictures and developer Caruso, the companies announced Tuesday.

The theater, which has been closed since the January 2025 Palisades Fire, will be operated by luxury dine-in cinema company The Lot. An opening date is expected to be announced in the coming weeks, with plans to welcome moviegoers back later this year.

The theater will feature first-run movies, classic films, special events and other programming, along with luxury seating, upgraded sound and projection systems, in-theater dining and cocktails.

"Together with Caruso, we are proud to help bring the Bay back to life as a place for the Pacific Palisades community to gather around the shared experience of cinema," Skydance Chairman and CEO David Ellison said in a statement.

Caruso founder Rick Caruso said the theater's return is another milestone in the community's recovery following the wildfires and the reopening of Palisades Village this summer.

The companies said they hope to establish the Bay as one of Los Angeles' premier moviegoing destinations.

The Lot runs luxury dine-in theaters in La Jolla, San Diego, Newport Beach and San Ramon.

The theater is located at 1035 N. Swarthmore Ave. in Pacific Palisades.