The final credits are due to roll at a an art deco cinema which set a design trend when it opened in 1935.
Architects Julian Rudolph Leathart and W F Granger designed the fin
Dreamland cinema, in Margate, Kent, was built on the site of a variety theatre and originally seated more than 2,000.
"It was a fantastic design - the first of its kind," said local historian Nick Evans. "The fin at the front set the building apart from other cinemas."
Manager Roy Jackson said the Dreamland could not compete with a new multiplex opening at nearby Westwood Cross.
Bars and ballroom
"The company feel they can't stand the onslaught of the brand new multiplex opening on 15 November," he said.
"Dreamland will lose a lot of its audience to the new cinema and we won't survive."
As well as the auditorium, the Grade II listed building had a large cafe with a view out to sea, bars and ballroom.
It was converted in the early 1970s to accommodate a bingo hall on the ground floor, now closed, and two smaller cinemas in the old circle.
Its opening night programme featured Greta Garbo in The Painted Veil.
Thursday's final film will be the 1957 classic British comedy The Smallest Show on Earth starring Peter Sellers and Virginia McKenna.
"It has a very relevant storyline to what has been happening at Dreamland - a sort of David and Goliath set up," said Mr Jackson.
It is not yet known what will be done with the building.