Blank Rome Represents Cohen Media Group in its Purchase of Landmark Theatres
A Blank Rome team successfully represented Cohen Media Group, an Academy Award-winning independent theatrical distribution and production company, in its purchase of Landmark Theatres, the nation's largest specialized theater chain dedicated to independent cinema with 252 screens in 27 markets. The acquisition was financed by Fortress Investment Group and, as part of the deal, Cohen will retain Landmark’s senior management team. The deal was announced on December 4.
With this acquisition, Cohen Media Group will “supercharge” their distribution footprint in the arthouse sector and expand their client portfolio and base. Landmark Theatres was part of the Wagner/Cuban Companies, a vertically integrated group of media properties co-owned by Todd Wagner and Mark Cuban. It was the first luxury cinema chain to introduce couches and love seats in its theatres, and the first to employ DCP digital projectors. On the programming side, Landmark is a recognized industry leader for providing a wide variety of films, including commercial, independent, foreign language, and documentaries.
For more information on this deal, please read Landmark’s press release here. This news was also reported by Deadline here.