Quad Cinema changes hands
NEW YORK, NY — The 1972 Quad Cinema, the city’s first four-screen theatre, has been sold to real estate developer Charles S. Cohen. Not to worry though, the former owners turned down higher offers because of Cohen’s commitment to the theatre. He plans to extensively renovate it in 2015 and turn it into a repertory house primarily. The art-house favorite will live on.
Read more about the exciting development in Variety.