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The Sundance Institute's Los Angeles summer event, Next Fest, will be back for a third year.

Next Fest will take over The Theatre at Ace Hotel in downtown L.A. on the weekend of August 7-9, institute organizers announced today.

The event will pair five new independent films with a live event to match — either a musical act or an onstage conversation with the filmmakers and their inspirations.

This year's films and events will be announced this summer, and tickets will go on sale then. Films are picked by Sundance Film Festival programmers, mostly from the previous festival's films.

Here are some examples from last year's Next Fest: A screening of the zombie comedy "Life After Beth" with a solo acoustic performance by Father John Misty; a screening of the Iranian vampire drama "A Girl Walks Home Alone at Night" with a live set by Warpaint; and a screening of the offbeat "Kumiko, the Treasure Hunter" followed by a conversation between the filmmakers and Werner Herzog.

The location, the Theatre at Ace Hotel, is a restoration of the 1,600-seat United Artists Theater, built in the 1920s for the studio founded by Mark Pickford, Douglas Fairbanks, D.W. Griffith and Charlie Chaplin.