Hou Hsiao-hsien’s Millennium Mambo premiered at the Cannes Film Festival in 2001 to, sadly, so little enthusiasm outside the highbrow crowd that it didn’t finally land in North American theaters until three years later. Initially mystifying even to fans of Hou for being so “minor” after a number of historical dramas, it’s had a second act—seemingly earning the mantle of the director’s most popular film, at least judging by Letterboxd-logging stats. It’s curious to reflect on the reason for its elevated reputation, yet easy to recognize why it’s a particular favorite to aging millennials who serve as our chief tastemakers. And now on the occasion of a new 4K restoration, the film has the chance to be experienced theatrically for the first time by many of its biggest admirers, where its hypnotic rhythms and neon world can be better appreciated than on a...