I had a friend who produced cinema festivals. This idea of theatrical re-runs would be great for all audiences, except all distributors are greedy cunts. They would charge exaggerated prices for the licenses to run old movies, and would nickle and dime organizers. They essentially had to charge mad entrance fees and make all sorts of stuff along with the screenings (market stalls, fancy food, hall entertainment, etc.) to make the fees worthwhile. Also, huge swaths of most of the big companies catalogs are not available, so you wouldn't be able to buy a run of certain films even if they own it.