Hollywood is about to begin its long-awaited global rollout of the first ever movie theater in 2030.
The new theater will be built by a consortium of theaters from around the world, including some from Hollywood, including the iconic Hollywood and Regal cinemas.
The news comes just days after the release of the new movie theaters, which will be opened in the coming years to cater to a growing number of moviegoers.
The new movie theater, the Hollywood and the Regal theaters, will be located in the massive lobby of the famed theater in the heart of downtown Los Angeles, in a converted warehouse.
The lobby is expected to hold up to 500,000 people, according to the LA Times, which noted that this is about the size of Los Angeles’ Downtown Stadium.
The announcement comes just weeks after the Los Angeles City Council approved the purchase of the historic Hollywood and Paramount Studios, which has been a part of the city’s downtown since the 1920s.
The theater, which opened in 1928, is one of the largest in the country.
The Los Angeles Times reported that the theater will include a theater section with a cinema section, a restaurant and bar and more than 150 screens.
The LA Times also noted that the building will house several other movie theaters around the country, including Regal Cinemas in Hollywood, the iconic Golden ticket Cinemas, which are in the Hollywood section, and the Hollywood Park and the Beverly Hills, the newest and largest theater in Los Angeles.
The LA Times reported the news with a picture of the theater.