Landmark Theatres, the nation’s largest owner of art-house cinemas, has been sold. The chain includes the Crest Cinema Center in Shoreline.
LOS ANGELES (AP) — An Oscar-winning production and distribution company is getting into the movie theater business.
Representatives from the Cohen Media Group say Tuesday the company has purchased Landmark Theatres, the nation’s largest independent theater chain.
Landmark Theatres has 252 screens in 27 cities and has been under the ownership of Todd Wagner and Mark Cuban’s 2929 Entertainment since 2003. It has the Crest Cinema Center in Shoreline.
CMG has been behind such Oscar-nominated and winning films as “The Salesman” and “Faces Places.”
CMG founder Charles S. Cohen said in a statement that he admired the way Landmark has evolved to fit the changing independent film landscape.
Most Read Business Stories
- Blake Nordstrom discloses cancer diagnosis, plans to keep working through treatment
- Verizon says 10,400 managers accept buyout offer
- Sting uses fake Amazon boxes, GPS to catch would-be thieves
- Reality sets in for the long bull market, and Wall Street is right to be afraid | Jon Talton
- Feminist group Lean In has a Sheryl Sandberg problem
Cohen said the theatrical chain is a good fit with the CMG business , one of which restores classic films like the Merchant Ivory collection and the Buster Keaton catalog.