Grauman’s Chinese Theatre opened on May 18, 1927, with the premiere of Cecil B. DeMille’s The King of Kings. Sid Grauman’s new movie palace followed the success of his nearby Egyptian Theatre. Its elaborate design made the building itself part of the occasion, while the forecourt became associated with the handprints, footprints, and signatures of film personalities. The opening joined a spectacular screen presentation to a spectacular address. Hollywood’s business of showing movies was also becoming a way to make memorable places along the boulevard. Source: https://en.wikipedia.org/wiki/Grauman's_Chinese_Theatre?oldformat=true
Source: Wikipedia, “Grauman's Chinese Theatre” (author-cited article); TCL Chinese Theatre, official theatre history