A campaign to revive two historic movie theatres has raised more than a third of its $1 million goal. Mark Snider, who created a nonprofit to renovate and lease the Strand and Capawock cinemas, said he has collected $350,000 in pledges in one week.

Mark Snider, owner of the Winnetu Oceanside Resort and the founder of a new nonprofit, is finalizing an agreement with Benjamin Hall Jr. to lease the Capawock and Strand theatres for 10 years, and reopen them beginning this summer.

Moviegoers should not look to Oak Bluffs to catch the latest blockbusters, as both the Island and the Strand theatre are closed until further notice. The historic Island, currently roofless, will most likely not be in commission before next summer. And despite efforts to reopen it, the Strand remains out of use.