The Academy Twin,  on of Oxford St’s best-loved cinemas, will close its doors on June 27.

Palace Cinemas announced this morning the venue, one of Sydney’s original and most beloved two-screen arthouse cinemas, would close its doors after the operator and landlord, the Greek Orthodox Community, failed to reach an agreement on an ongoing lease.

Palace Cinemas Managing Director and founder Antonio Zeccola said

“We’re devastated to be saying goodbye to the Academy. For over 30 years it has been one of Sydney¹s most popular destinations for foreign language and arthouse cinema –  ­ it’s a genuine institution and a part of so many Sydneysiders’ movie memories,” Palace Cinemas managing director Antonio Zeccola said.

“It is an incredible shame that we are unable to reach an agreement that would help keep the Academy open. We’d like to offer our sincere gratitude and thanks to all of the Academy’s patrons over  the years, and also to the past and present staff.”

Palace will continue to cater to city and eastern suburbs patrons at the Verona and Chauvel cinemas, also on Oxford St, where Zeccola said the company’s commitment to delivering sophisticated and high-quality entertainment and hospitality in venues that offer the utmost in comfort and ambience would continue.

The curtains will close at the Academy Twin for the final time on Sunday, 27 June.

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