ɪn nˈaɪntiːnhˈʌndɹɪd twˈɛnti nˈaɪn, ðə θˈiəɾɚ wʌz bˈɔːt ˈaʊt baɪ pˈæɹəmˌaʊntpˈʌblɪks, ɐ θˈiəɾɚɹˈoʊnɪŋ kənsˈɔːɹɾiəm ðæt kəntɹˈoʊld ɐ sɪɡnˈɪfɪkənt nˈʌmbɚɹ ʌv ɐmˈɛɹɪkən mˈuːvi θˈiəɾɚz.
In 1929, the theater was bought out by Paramount-Publix, a theater-owning consortium that controlled a significant number of American movie theaters.