Landmark Theatres Gets No Offers At Charles Cohen Foreclosure Auction But Lender Fortress Bid $5 Million For Curzon
deadline.comCreditor Fortress was the only bidder for a handful of properties owned by Charles Cohen at a foreclosure auction Friday that saw the lender offer $5 million for U.K.’s arthouse theater chain and distributor Curzon.
There were no bids for Landmark Theatres, a person familiar with the situation tells Deadline, and we hear it will stay with Charles Cohen and could be business as usual.
It doesn’t appear the auction entertained bids for individual theaters. Cohen’s group has maintained that the chain is not in jeopardy and that it expected a positive outcome — if zero bids can be considered positive.
The indie distribution community generally isn’t enamored of the way Landmark’s been run since Cohen acquired it in late 2018, citing lack of investment, a move to wide releases and the shuttering of key theaters including the Landmark LA, which closed in the spring of 2022 after losing its lease.
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