Landmark Theatres put up for sale - but only if the price is right
posted by CSWalczak on April 25, 2011 at 9:40 am
LOS ANGELES, CA — The U.S. theater chain best known for showing independent and art house films is being – tentatively – put on the auction block. According to co-owner, Mark Cuban, the move is intended to determine how much the marketplace actually values the operation, and if the offers undervalue the the chain’s worth, the offer to sell will be withdrawn.
There is more in the Hollywood Reporter.
Expressing interest in an operation is one thing. How much is another. Wouldn’t it be awful, if it were AMC or Regal wanting to buy the chain?
I like Landmark’s programming here but I have noticed that even the other chains such as your Regals and AMCs have booked art-type films, which the should. In your 10, 11, 13 screen multiplex, how many screens do you need to show the latest 3D Justin Bieber movie?
Could be Sundance Cinemas big chance……
I don’t see Regal and AMC buying Landmark.