The Phoenix cinema in East Finchley, north London, had been due to have its operations and programming taken over by the Curzon cinema group, raising the possibility the venue would lose its “unique identity and much-loved atmosphere”.
Robert Kenny, director of cinema development at Curzon, said “Our primary concern at Curzon is supporting a vibrant, diverse and healthy film culture.
The independent arthouse cinema was built in 1910 and opened in 1912 as the East Finchley Picturedrome, making it one of the oldest running cinemas in the UK and London’s oldest independent community cinema.
“We will do our very best to ensure the Phoenix can have a sustainable future as an independent community cinema.”