Hollywood’s E1 Capitan up for sale

MUMBAI: The historic Hollywood cinema El Capitan is up for sale for $ 31 million.

Located opposite the Kodak theatre on Hollywood Boulevard where the Oscars ceremony is held every year, the cinema was built in the 1920. It showed plays between 1926 -1936. Orson Welles‘ 1941 classic, Citizen Kane, was premiered at the E1 Capitan.

After suffering severe damages in an earthquake in 1994, the CUNA insurance group acquired it and leased it to Walt Disney which uses it to showcase its new films.