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
- In heart of Amazon’s Seattle headquarters, a first-of-its-kind family shelter takes shape for Mary’s Place VIEW
- In their 50s, this couple is turning over a new financial leaf | Money Makeover
- Uwajimaya plans revamp of its flagship Seattle store to showcase its vast variety
- Dennis Muilenburg out as Boeing chairman but keeps CEO position
- Wendy Lister, grande dame of Eastside real estate, dies at 83
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.