A24 Buys New York’s Cherry Lane Theatre for $10 Million
thewrap.comin March of last year, with plans to use the money to produce and distribute films while also continuing to develop initiatives beyond just big-screen cinema.
The Cherry Lane Theatre was first established as a playhouse in 1923, courtesy of Evelyn Vaughn, William Rainey, Reginald Travers and Edna St.
Vincent Millay. The theater would feature works by the likes of David Mamet, Harold Pinter, F. Scott Fitzgerald, Gertrude Stein, Samuel Beckett, Sam Shepard, Edward Albee and W.H Auden.Executive director Angelina Fiordellisi, who acquired the theater in 1996 through a corporation titled Little Goddess, agreed to sell the theater to the Lortel Theatre Foundation in July 2021 amid financial troubles.
However, a disagreement about the price of the property in relation to the $11 million price tag caused the deal to fall through.
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