A24 is getting into the theater business with the purchase of the Off-Broadway venue Cherry Lane Theatre for the purchase price was $10 million, according to a deed filed on Friday.
Cherry Lane Theatre is the longest continuously running theater in New York City’s West Village. It features a 179-seat mainstage and a 60-seat studio theater. The space will reportedly be maintained as a place for live theater.
The studio behind “Everything Everywhere All at Once,” “Uncut Gems,” “Hereditary” and “Lady Bird” raised a $225 million equity round in March of last year, with plans to use the money to produce and distribute films while also continuing to develop initiatives beyond just big-screen cinema.
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The Cherry Lane Theatre was first established as a playhouse in 1923, courtesy of Evelyn Vaughn, William Rainey, Reginald Travers and Edna St. Vincent Millay. The theater would...
Cherry Lane Theatre is the longest continuously running theater in New York City’s West Village. It features a 179-seat mainstage and a 60-seat studio theater. The space will reportedly be maintained as a place for live theater.
The studio behind “Everything Everywhere All at Once,” “Uncut Gems,” “Hereditary” and “Lady Bird” raised a $225 million equity round in March of last year, with plans to use the money to produce and distribute films while also continuing to develop initiatives beyond just big-screen cinema.
Also Read:
Where to Stream 2023’s Oscar-Nominated Movies Right Now
The Cherry Lane Theatre was first established as a playhouse in 1923, courtesy of Evelyn Vaughn, William Rainey, Reginald Travers and Edna St. Vincent Millay. The theater would...
- 3/4/2023
- by Scott Mendelson
- The Wrap
Independent film studio A24 has purchased a small Off-Broadway venue, the Cherry Lane Theatre.
The theater, which is located in New York City’s West Village, was purchased for just over $10 million, according to a deed filed Friday. Cherry Lane Theatre is the longest continuously running off-Broadway theater in New York and features a 179-seat mainstage and a 60-seat studio theater.
A person with knowledge of the deal told The Hollywood Reporter that A24 plans to keep the space as a venue for live theater.
The purchase comes after the studio, which is behind this awards season’s The Whale and Everything Everywhere All at Once, raised a $225 million equity round in March 2022, with plans to use the capital to continue to produce and distribute films but also “continue to develop high-quality initiatives beyond the screen.” New York-based venture capital firm Stripes was the lead investor in that round.
A...
The theater, which is located in New York City’s West Village, was purchased for just over $10 million, according to a deed filed Friday. Cherry Lane Theatre is the longest continuously running off-Broadway theater in New York and features a 179-seat mainstage and a 60-seat studio theater.
A person with knowledge of the deal told The Hollywood Reporter that A24 plans to keep the space as a venue for live theater.
The purchase comes after the studio, which is behind this awards season’s The Whale and Everything Everywhere All at Once, raised a $225 million equity round in March 2022, with plans to use the capital to continue to produce and distribute films but also “continue to develop high-quality initiatives beyond the screen.” New York-based venture capital firm Stripes was the lead investor in that round.
A...
- 3/3/2023
- by Caitlin Huston
- The Hollywood Reporter - Movie News
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