Support Local Journalism. Join Riverfront Times Press Club.

Thursday, April 21, 2011

Landmark Theatres Up for Sale

Posted By on Thu, Apr 21, 2011 at 11:10 AM

tivoli_sign.jpg

In the market for a couple of movie theaters? Two of St. Louis' prime indie cinemas are apparently on the block.

Last night, Bloomberg broke the news that billionaire Mark Cuban is putting his Landmark Theatre chain up for sale. The chain includes the Loop's Tivoli Theatre (the RFT's next-door neighbor), as well as the Plaza Frontenac Cinema, in west St. Louis County. Cuban's indie-film distributor Magnolia Pictures is up for sale as well.

Cuban, best known as the outspoken owner of the NBA's Dallas Mavericks, told Bloomberg he was "just testing the waters." He told a reporter in an e-mail: "We won't sell unless the offer is very, very compelling." Bidders are expected to file their offers next week.

The Los Angeles-based Landmark operates 55 cinemas in 21 cities.

Tags: , ,

Support Local Journalism.
Join the Riverfront Times Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Riverfront Times Club for as little as $5 a month.

Read the Digital Print Issue

July 28, 2021

View more issues

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Best Things to Do In St. Louis

© 2021 Riverfront Times

Website powered by Foundation