The Fine Arts Theater in Beverly Hills, a classic Art Deco venue with a celebrity-studded past, has been sold to Paula Kent Meehan, the philanthropist who also is buying the Beverly Hills Courier.
Built on Wilshire Boulevard in 1936 as the Regina, the compact, single-screen theater served for years as a venue for small premieres that drew Hollywood A-listers.
In 1948, it was renamed the Fine Arts Theater and showed the premiere of "The Red Shoes." Among the invited guests were Susan Hayward, Joan Crawford, Ava Gardner and Shirley Temple.
Vittorio Cecchi Gori's film production company bought the theater in the early 1990s and spearheaded a 1993 renovation by the...