The Capitol Theatre has been acquired by Magic Lantern Theatres.
The company and the Capitol have both confirmed the news, with the theatre announcing the sale on their Facebook page.
“Effective immediately the Capitol Theatre will be closed for an undetermined amount of time as it has been sold to Magic Lantern effective February 17th,” their post stated.
According to their Facebook page, staff at the theatre received news of the sale yesterday.
The sale takes effect immediately. Plans are to convert the theatre back into a single-screen cinema with a larger screen, new sound system, new roof, and exterior renovations. There will also be reclining seating.
Magic Lantern had previously announced plans for a new movie theatre complex last summer, with plans for a spring start to construction. The intention is for the Capitol to operate in conjunction with the new theatre.
The Capitol had been owned by Dynasty Theatres which has theatres in Melfort and Meadow Lake.