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When the owners of Vidiots warned last week that the Santa Monica video store had to close, they left open the slim possibility of a financial white knight riding in to save the institution popular with cinephiles. That's what happened. Megan Ellison, the producer of "American Hustle," "Her," "Zero Dark Thirty" and "Foxcatcher," is the white knight through her Annapurna Pictures.
The show must go on. pic.twitter.com/AVm47Zl18z
— Annapurna Pictures (@AnnapurnaPics) January 31, 2015Be kind rewind pic.twitter.com/ej6GZnXOBP
— Megan Ellison (@meganeellison) January 29, 2015From the Hollywood Reporter:
Enter Ellison and her Annapurna Pictures. Ellison, who keeps a low-profile in the press and declines interview requests, teased that she could be that wealthy benefactor, when she tweeted “yeah…maybe not” in response to a story in the Santa Monica Daily Press that the store would not close after all.
On Friday afternoon, ID PR’s Bebe Lerner, who reps Ellison and her Annapurna Pictures, confirmed to The Hollywood Reporter that Vidiots is staying open. “Annapurna is helping out to keep the doors open,” Lerner said.She would not confirm any additional details about management or money, offering only that the Santa Monica institution will stay “as is.”
Ellison, the daughter of Oracle CEO Larry Ellison, is an Oscar nominated producer who has made a huge splash in the business during the past few years.
Previously on LA Observed:
Vidiots in Santa Monica to close
Joe Morgenstern mourns the news about Vidiots
