I'm spoiled because back in my university days, I worked as a projectionist at a revival house for seven years and got the most thorough education in film history one could ever hope for.
Minneapolis had a theater like that, the Uptown. New schedule came out every month, and a good chunk of the month was different movies on different days, sometimes even different movies at different showings. Occasionally there would be a theme (eg, Tommy and Quadrophenia in one evening) and once in a blue moon a movie would span a weekend if it was new/popular. The movies were all manner of genres, from foreign to documentary to arthouse (Jim Jarmusch, etc) to revival showings. Quite often the films shown were unobtainable on VHS. Rocky Horror at midnight on the weekends.
And it was a great theater, interior-wise -- very art deco and with a balcony you could still use (my favorite spot, the railing was a great footrest). The audio was just OK but the projection was good.
The theater is still there, but its kind of the first run theater for an arthouse chain and shows usually one movie for a week or so, usually a bigger release film.