The Michigan Theater is a treasure of Ann Arbor. Great environment to watch a movie. Only two screens and they mostly show independent movies but I am happy with that!
Price, acoustics and architecture are pretty flipping right on for a small artsy theatre. For $5 you can get a yearly membership, allowing you to buy wine & Bells beer!
Michigan Theater is a part of Sundance and during the festival, they'll hold special screenings of some of the best independent films. Keep a look out for them.
Brandi Carlile has been returning every year, always a spectacular show. Ray LaMontagne and the Goo Goo Dolls are other favorites I've seen at the Michigan Theater.