In addition to the historic Broadway, if long financially in trouble, the Cherry Lane theater was bought by The whale And Everything, everywhere, all at once Film studio A24.
Located on one of the most picturesque side streets of Manhattan’s West Village, the 179-seat main stage venue is a central part of Off-Broadway history. Scott Fitzgerald, Samuel Beckett, Harold Pinter, Edward Albee, Clifford Odets, Tennessee Williams, Harold Pinter, Eugene Ionesco, LeRoi Jones, Sam Shepard, Lanford Wilson, Joe Orton and David Mamet.
In recent years, the small, hidden venue has hit financial wall after financial wall, most recently when CEO Angelina Fiordellisi agreed to sell the theater to the Lucille Lortel Theater Foundation in 2021 for $11 million. Consequently The New York Timesthis transaction fell through above the sale price.
A deed filed today — and first reported by real estate website Curbed — shows A24 bought the venue (which also includes a smaller 60-seat theater) for $10,026,428.
As Deadline reported a year ago, A24 is currently flying high with Oscar nominees Everything, everywhere, all at once And The whalehas secured a $225 million equity investment to fund a strategic growth plan, with announced plans to use the capital to expand production and distribution globally and to develop high-value off-screen initiatives.
While A24’s plans for Cherry Lane have yet to be detailed, the purchase fits well with the studio’s previously announced desire to develop non-film projects.
Source: Deadline
Elizabeth Cabrera is an author and journalist who writes for The Fashion Vibes. With a talent for staying up-to-date on the latest news and trends, Elizabeth is dedicated to delivering informative and engaging articles that keep readers informed on the latest developments.
