A few sour apples used an exploit in the theater to reach a higher Prestige level. Treyarch will be re-enabling the theater mode when the next update is launched.
Is THAT why nothing in theater will ever load right now? I just assumed it was BS lag stuff, but that actually makes more sense since it has been several days now. --- Time magazine's Man of the Year in 2006! Really. Google it if you don't believe me.