The latest entrant in the movie theater business is the Oscar-winning production and distribution company Cohen Media Group. The AP reports that the group has purchased Landmark Theatres, the country’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,” the AP reports. “CMG has been behind such Oscar-nominated and winning films as ‘The Salesman’ and ‘Faces Places.’”
CMG founder Charles S. Cohen said he admires how Landmark has evolved to fit the changing independent film landscape.
“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,” the AP notes.