The fates of Santa Cruz’ famed Del Mar and Nickelodeon theaters may be looking up after the company that owns the theaters was sold today. Arthouse specialist Landmark Theatres has been sold by Todd Wagner and Mark Cuban to Cohen Media Group for an undisclosed price.
Landmark is the owner of the Del Mar and Nickelodeon theaters. According to the entertainment newspaper, Variety, the sale ends months of speculation about Landmark’s fate — the company has been shopped around for months, reportedly drawing interest from Amazon, and Netflix. Cohen Media Group chairman Charles S. Cohen is a film buff and a real estate developer whose net worth is estimated to be $3.4 billion.
Cohen said he will retain the senior management team of Landmark Theatres.
