Rick Caruso to reopen Pacific Palisades Bay Theater as Paramount venue
The Bay, used in recent years by Netflix for special screenings, will become a premier theater for the Skydance-run Paramount and Warner Brothers conglomerate.
By Hans Laetz
Malibu is getting a new nearby movie theater. Developer Rick Caruso is reopening the Bay Theater in Pacific Palisades as a premier venue for the new Skydance movie conglomerate, which operates Paramount and Warner Brothers.
The Bay had been used by Netflix for several years for special presentations — like watching a movie in a deluxe screening room. It will reopen as a Paramount theater.

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