Who wants to buy an arthouse cinema chain? That question may seem unexpected now that being depressed about post-pandemic filmgoing appears to be the industry’s default position. But the sale of the Curzon cinema group to New York investment company Fortress – part of a foreclosure auction of assets belonging to current American owner Cohen Realty Enterprises – has been met with a lack of surprise, still less alarm, in the industry and within the Curzon group itself, who reportedly regard the new owner as more likely to invest and to nurture long-term growth than the current proprietor. Fortress bid $5m [£3.9m] for Curzon, and insiders are calling it a “bargain”.
