After months of negotiations, the operators of Revue Cinema have reached a new five-year deal with the owners of the historic theatre.
The agreement, which was announced on Monday, ensures that the beloved cinema will continue to operate under the management of the Revue Film Society until at least 2026.
The Revue Film Society, a non-profit organization, has been running the cinema since 2007. The society’s mission is to preserve and promote the art of cinema and provide a platform for independent and international films.
The negotiations for the new deal began earlier this year when the owners of the building, the Revue Properties Limited, expressed their desire to sell the property. This sparked concerns among the community about the future of the cinema.
However, after several rounds of discussions, both parties were able to come to an agreement that satisfied everyone involved.
In a statement, the Revue Film Society expressed their gratitude to the owners for their commitment to keeping the cinema open and for their support of the society’s mission.
The owners, in turn, praised the society for their dedication to the cinema and their efforts to make it a cultural hub in the community.
The Revue Cinema, which first opened its doors in 1912, has a rich history and has become a beloved landmark in Toronto’s Roncesvalles neighbourhood. It has survived two world wars, the Great Depression, and numerous changes in the film industry.
The cinema has also faced challenges in recent years, including the rise of streaming services and the COVID-19 pandemic. However, with this new deal in place, the Revue Film Society is confident that they can continue to provide a unique and valuable experience for moviegoers.
The new agreement includes plans for renovations and upgrades to the cinema, which will enhance the overall movie-watching experience for patrons.
The Revue Film Society is looking forward to the next five years and is committed to preserving the legacy of the Revue Cinema for future generations to enjoy.
