Mark Cuban told Bloomberg today that he is “just testing the waters” by putting his distribution company Magnolia Pictures and exhibition chain Landmark Theatres up for sale. Regardless, there will be an auction for two of the divisions in Cuban and Todd Wagner’s 2929 Entertainment, which also houses the pair’s cable channel HDNet. Bidders are expected to file offers next week, a source told Bloomberg. “We won’t sell unless the offer is very, very compelling,” Cuban said. Landmark has 55 theaters and 245 screens in 21 cities. Magnolia distributes indie films in theaters and via video-on-demand.
Mark Cuban Taking Offers For Magnolia Pictures, Landmark Theatres
What's Hot on Deadline
'The Brothers Grimsby': Trailer Or Titillating Clip "Shown" On 'Jimmy Kimmel Live' – Which Works Better?
Latest Film News
- Oscar Best Picture Smackdown: Deadline’s Pete Hammond Vs Gold Derby’s Tom O’Neil Both Asking, “What The Hell Is Going On?”…
- Four Studios Bidding On ‘Gone Girl’ Author Gillian Flynn’s Short Story ‘The Grownup’: Hot Package…
- Oscars: Pete Hammond Handicaps An Unusually Strong Best Actress Race – AwardsLine
- Peter Bart: Oscar Trail Is Long And Winding For The Smart Filmmakers Of ‘Spotlight’ and ‘The Big Short…
- Les Moonves Says He Has “Free Rein” To Run CBS, But Likes “Stability”
- Endurance Media Taps Steve Barnett As Production Prexy, Acquires Trio Of Scripts