With the movie house on the verge of closing, director Quentin Tarantino decided to buy the place. From The Hollywood Reporter:

"It was going to be turned into a Super Cuts," Tarantino said. "I'd been coming to the New Beverly ever since I was old enough to drive there from the South Bay -- since about 1982. So, I couldn't let that happen."

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"I always considered the New Beverly my charity -- an investment I never wanted back," he said. "I already had a good relationship with the family and the theater, so it was a natural step."

Owner Sherman Torgan died in 2007, leaving the theater's future in doubt.