Owner of Dolby Theatre says it will comply with city loan deal
There were plenty of unanswered questions after Cirque du Soleil announced Friday it was closing its movie history-themed show “Iris” at the Dolby Theatre in Hollywood, less than a year and a half after it opened.
The show, which opened in September 2011 and had been intended to run for at least 10 years, was aimed at tourists to the Hollywood Boulevard area, but Cirque said ticket sales had not met expectations. The last performance of “Iris” will be Jan 19.
One way that the city was able to bring Cirque du Soleil to Hollywood was a loan agreement to a partnership set up by CIM Group, which owns the theater and the entire Hollywood & Highland Center.
Metro reporter David Zahniser reports on the L.A. Now blog on what CIM officials said Saturday about the loan. Read his story here.
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