Entertainment Movies Quentin Tarantino Buys Iconic 'Crown Jewel' Vista Theatre in Los Angeles: It'll Show 'Only Film' Quentin Tarantino said on Monday's episode of Dax Shepard's Armchair Expert podcast that the Vista Theatre would open 'around Christmas time' By Jen Juneau Jen Juneau Twitter Jen Juneau is a digital news writer for PEOPLE. A '90s teen and horror film connoisseur, she started at the brand in 2016, after a decade of working as a technical writer and then moonlighting as a journalist beginning in 2013. Originally from New Orleans, Jen grew up both in NOLA and Florida and eventually attended the University of Central Florida in Orlando (still her home base!), where she earned a bachelor's in English/technical communication, with a minor in magazine journalism. People Editorial Guidelines Published on July 6, 2021 12:38 PM Share Tweet Pin Email Vista Theatre in Los Angeles. Photo: AaronP/Bauer-Griffin/GC Images; Inset: Vivien Killilea/Getty Quentin Tarantino has made another financial investment in Los Angeles history. On Monday's episode of Dax Shepard's Armchair Expert podcast, the storied director revealed that he purchased the city's iconic Vista Theatre, located in the neighborhood of Los Feliz on Sunset. (He currently owns the New Beverly Cinema, which he bought over a decade ago.) Saying that the theater would likely reopen "around Christmas time" after being shut down amid the COVID-19 pandemic, Tarantino, 58, said the Vista will screen "only film" and not "be a revival house." "We'll show new movies that come out where they give us a film print. It's not going to be like the New Beverly," said the Pulp Fiction helmer. "The New Beverly has its own vibe. The Vista is like a crown jewel kind of thing." Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human-interest stories. Vista Theatre in Los Angeles. David Livingston/Getty The Standard, Iconic Celebrity-Backed Sunset Strip Hotel, to Close: "Painful to Say Goodbye" "We'll show older films, but it will be like you can hold a four-night engagement," he added. Tarantino also told Shepard, 46, that he dislikes many movie-theater chains "where they're showing commercials all through it, they don't turn the lights down, everything is stadium seating, plastic s---." "They have been writing their own epitaph for a long time, but they assumed the business would take you along," he lamented. "It's been crazy throughout my career to see how the film experience is lessened for the viewer like every five years." "I never like any theater closing, but some of these exhibitors that are going, they f---ing deserve to go," he added. Quentin Tarantino. Amy Sussman/Getty RELATED VIDEO: Actors that Quentin Tarantino Has Pulled from the Brink The landmark Vista Theatre first opened almost 100 years ago, on Oct. 9, 1923. Originally titled the Lou Bard Playhouse and also featuring vaudeville acts, its first film was Tips starring Baby Peggy, according to the venue's official website. It was featured in the 1993 film True Romance, which Tarantino directed. It was the place where lovers Clarence (Christian Slater) and Alabama (Patricia Arquette) first meet. Meanwhile, the New Beverly on Beverly Boulevard reopened in mid-June after also having its doors shuttered due to COVID-19 — and according to The Hollywood Reporter, shows have been sold out every night since. As for whether Tarantino is planning another addition to his own repertoire before retiring from filmmaking, the Once Upon a Time in Hollywood director hasn't confirmed one way or the other. He did, however, recently post the possibility of Maya Hawke playing real-life mom Uma Thurman's daughter in a potential Kill Bill: Vol. 3, saying last week on The Joe Rogan Experience podcast that the pairing "would be f---ing exciting."