UK Arthouse Chain Curzon Acquired By Fortress Investment Group
deadline.comUK arthouse theater chain and distributor Curzon has been acquired by Fortress Investment Group. The deal was confirmed this morning, but we first reported yesterday that Fortress appeared to be the frontrunner to take control of Curzon after it was the only bidder for a handful of properties owned by Charles Cohen at a foreclosure auction Friday.
Fortress bid $5 million for Curzon at the auction. Charles Cohen acquired the Curzon brand in 2019. The deal included ownership of the company’s 16 UK cinemas, film distributor Curzon Film, and the Curzon Home Cinema streaming service.
Fortress lent Cohen $534 million backed by a handful of properties including Landmark and Curzon and sued him earlier this year for default.
A New York State Supreme Court judge agreed to Fortress’ request for an auction to recoup what it could and set it for Nov 8.
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