SIFF financial struggles add to uncertainty around reopening of Capitol Hills Egyptian Theater

The Seattle International Film Festival (SIFF) announced the layoff of nine full-time employees, approximately 20% of its administrative staff, amid ongoing financial struggles and the indefinite closure of the Egyptian Theater. SIFF's financial woes stem from revenue declines following the pandemic and significant fixed costs, including staffing and maintenance. A water leak in November 2024 severely damaged the historic theater, which has been closed since last fall, complicating reopening efforts. Although SIFF is eager to reopen, they currently lack a timeline for when this might occur due to reduced resources following the staff cuts. The organization emphasized that the closure was not solely due to financial sustainability challenges but also linked to the broader context of operational capacity.

SIFF's history includes a decade of growth, marked by the acquisition of the Egyptian Theater and the former Cinerama. With executive director Tom Mara's annual salary at $238,000, SIFF faces mounting financial pressures. The organization calls on its audience to remain patient as it navigates these difficulties.