Cohen Media Group’s Acquisition of Landmark Theatres

Blank Rome represented Cohen Media Group on the deal

Landmark Theatres, the nation’s largest specialized theater chain dedicated to independent cinema with 252 screens in 27 markets, has been purchased by Cohen Media Group, an Academy Award-winning independent theatrical distribution and production company. The announcement was made jointly today by Landmark Theatres President/CEO Ted Mundorff, Cohen Media Group Chairman Charles S. Cohen, Todd Wagner and Mark Cuban. Terms of the sale were not disclosed. Cohen will retain the senior management team of Landmark Theatres.

Landmark established itself at the forefront of luxury cinema and was the first chain to introduce non-conventional seating with the installation of couches and love seats in its theatres. Landmark was also first to employ DCP digital projectors. And on the programming side, the company has become a recognized industry leader in the sector, providing customers with a wide variety of films including commercial, independent, foreign language and documentaries.

Landmark was acquired by 2929 Entertainment from Oaktree Capital in 2003. Under Wagner/Cuban’s ownership, Landmark, has grown to become the pre-eminent flagship brand in the sophisticated arthouse exhibition business known for its destination locations, The Landmark in Los Angeles and The Landmark at 57 West in New York City, favored by filmmakers and studios to host Award season events and screenings, as well as other iconic locations including the E Street Cinema and The Landmark Atlantic Plumbing Cinema in Washington DC, The Landmark at Merrick Park in Coral Gables, Florida, and The Landmark at Greenwood Village in Denver’s flourishing Tech Center.

Blank Rome advised Cohen Media Group with a team including Martin Luskin (Picture), Michael S. Mullman, Scott R. Smith, Peter Schnur, Joseph T. Gulant, Lawrence J. Beaser, Lisa M. Campisi, Lisa Casey Spaniel, Kimberly B. Timko, D’Juan A. Neal, Elena P. Jacque, Ari M. Pozez, Nathan S. Brill and Leena Ketkar

Involved fees earner: Lawrence Beaser – Blank Rome LLP; Nathan Brill – Blank Rome LLP; Lisa Campisi – Blank Rome LLP; Joseph Gulant – Blank Rome LLP; Elena Jacque – Blank Rome LLP; Leena Ketkar – Blank Rome LLP; Martin Luskin – Blank Rome LLP; Michael Mullman – Blank Rome LLP; D’Juan Neal – Blank Rome LLP; Ari Pozez – Blank Rome LLP; Peter Schnur – Blank Rome LLP; Scott Smith – Blank Rome LLP; Lisa Casey Spaniel – Blank Rome LLP; Kimberly Timko – Blank Rome LLP;

Law Firms: Blank Rome LLP;

Clients: Cohen Media Group, LLC;

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Author: Ambrogio Visconti