Fortress Investment Group Acquires Iconic Curzon Cinema Chain
The acquisition follows a legal battle over unpaid debts by former owner Charles Cohen, securing over 350 jobs.
- Curzon, a renowned British arthouse cinema chain with 16 locations, was sold to Fortress Investment Group after a foreclosure auction.
- Charles Cohen, the former owner, defaulted on a $534 million loan, leading to the sale of Curzon and other assets.
- The acquisition includes Curzon's film distribution arm and its streaming service, Curzon Home Cinema.
- Fortress plans to support Curzon's expansion and maintain its tradition of showcasing independent and international films.
- Curzon's streaming service, launched in 2010, now reaches 6.5 million households, enhancing its digital footprint.