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after the conquest independent film and television world, A24 is venturing into live theater. The production and distribution company bought the Cherry Lane Theatre, one of the oldest off-Broadway venues in New York City.
according to a Deed filing At the New York City Department of Treasury on Friday, the venue was bought for $10 million by a company called Cherry Lane Venue; said company’s stated address is the same as A24’s New York office. The deal follows the venue’s longtime owner, actress Angelina Fiordellisi. trying to sell The sale failed due to price disagreements ahead of a 2021 sale to the Lucille Lortel Theater Foundation. A24 The interest in the property is first reported Last November.
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A source with knowledge of the deal told IndieWire that A24 will retain the newly acquired venue for its live theater business, rather than using it for film screenings or premieres. Cherry Lane will be celebrating its 100th anniversary this December.
Located at 38 Commercial Street, the building contains two stages: a 179-seat main stage and a 60-seat studio. Historically, the theater is known as the venue for world premieres of plays by major artists such as F. Scott Fitzgerald, Gertrude Stein, Samuel Beckett, Edward Albee, Harold Pinter and Sam Shepard. Fiordellisi first purchased the site in 1996.
While A24 may not be planning to turn Cherry Lane into a movie theater, its foray into New York real estate is akin to Netflix’s 2019 Procurement Another dangerous venue, Manhattan’s much-loved single-screen Parisian theater. Netflix also owns the Egyptian Theater in Los Angeles.
News of A24’s acquisition comes on the heels of the studio’s big 2022 slate, with Best Picture nominee “Everything at the Same Time” becoming highest grossing movie of all timeOther films from the studio last year, such as “Whale” and “Aftersun,” starring Brendan Fraser, are also nominated at the upcoming Academy Awards. The studio’s film projects due to release later this year include “Bo’s Scared,” “Show It Up,” “Iron Claw,” “Past Life,” “Salt on Dirt Roads,” “Breathe Deep,” “Earth Mama… ” and “You Hurt My Feelings,” while distributors are producing TV shows including “Beef” and “The Idol.”
contain Was the first to report A24’s purchase of the Cherry Lane Theatre.
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