Landmark Theatres

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Landmark Theatres
Type Private
Predecessor(s) Parallax Theatres
Founded 1974
Founder(s) Kim Jorgensen
Headquarters Los Angeles, California
Number of locations 53 theatres (2012)
Area served United States
Owner(s) 2929 Entertainment
(Todd Wagner, CEO)

Landmark Theatres is the largest art house movie theater chain in the United States, and is owned by Mark Cuban and Todd Wagner through Wagner/Cuban Companies. The chain specializes in independent cinema, including foreign and restored classic films; although, some Landmark theaters also show mainstream movies. The theaters are known for selling gourmet food products, such as gourmet coffee, espresso drinks, fresh-baked goods, imported chocolate and candy offerings. Landmark's headquarters is in Los Angeles, California, U.S.[1]

History[edit]

Landmark Theatres (originally Parallax Theatres) was founded in 1974 by Kim Jorgensen. The first theater acquired by the chain was the Nuart Theatre in Los Angeles. Jorgensen hired Steve Gilula and Gary Meyer in 1976, who later became stockholders, following the acquisition of the UC Theater in Berkeley, California.

In the 1980s, Landmark acquired Santa Fe-based Movies, Inc. and Seattle-based Seven Gables. In the 1990s, Landmark Theatres was acquired by The Samuel Goldwyn Company. Landmark Theatres continued to grow throughout the 1990s, and developed its own multiplex theaters in San Francisco; Cambridge, Massachusetts; St. Louis; Minneapolis; Chicago; New York City; Atlanta; Indianapolis; and the largest one on Los Angeles' Pico Boulevard. Jorgensen later became a movie producer, selling out his interest in Landmark in 1989, and he was followed in 1995 by both Gilula and Meyer.

Two story theater with a large tower that says "UPTOWN"
Uptown Theater in Minneapolis

In March 2007, the group attained ownership of three Ritz theaters in Philadelphia. A Landmark Theater was then opened in downtown Baltimore's Harbor East neighborhood in November 2007. As of 2014, Landmark Theatres operates 50 theaters in 21 markets.

Atlanta's Landmark Midtown Art Cinema serves as the official venue for the Atlanta Film Festival and Atlanta's gay film festival, Out on Film. In 2007, Landmark opened a flagship theater complex at Westside Pavilion in Los Angeles that includes "Living Room" brand auditoriums. The "Living Room" concept features smaller capacity theaters (30 to 50 people) with sofas, ottomans, side-tables and other home-style amenities.[2]

In December 2008, Cuban acquired a 9.4 percent stake in Carmike Cinemas Inc., one of the U.S.'s largest motion picture exhibitors, based in Columbus, Georgia. Cuban explained that his interest was for investment purposes.[3][4]

In April 2011, Cuban placed Landmark Theatres up for sale, but he added that he wouldn't sell the company unless the offer was "very, very compelling."[5] As of August 2014, the theater chain remains under the ownership of Wagner/Cuban Companies.[6]

Locations[edit]

Silver Cinemas[edit]

Landmark Theatres also owns an eight-theater chain, Silver Cinemas, which primarily shows second-run movies. As of 2012, there are eight Silver Cinemas in the United States with 55 screens.

References[edit]

  1. ^ "Contact Us". Landmark Theaters. Landmark Theaters. 2014. Retrieved 2 August 2014. 
  2. ^ Hawthorne, Christopher (2007-06-01), "Make Believe it’s Your Living Room", Los Angeles Times: E1, retrieved 2008-10-28 
  3. ^ Associated Press (30 December 2008). "Billionaire Mark Cuban acquires stake in Carmike Cinemas". pantagraph.com. pantagraph.com. Retrieved 2 August 2014. 
  4. ^ "Carmike Cinemas to Acquire Nine Entertainment Complexes with 147 Screens from Muvico Theaters" (Press release). Wall Street Journal. Dow Jones & Company, Inc. 4 November 2013. Retrieved 2 August 2014. 
  5. ^ "Cuban lists Landmark and Magnolia for sale". Dallas Business Journal. American City Business Journals. 20 April 2011. Retrieved 2 August 2014. 
  6. ^ "About Us". Landmark Theatres. Landmark Theatres. 2014. Retrieved 2 August 2014. 

External links[edit]