Rugby
Google
After conquering the independent film and TV world, A24 is venturing into live theater. The production and distribution company has bought the Cherry Lane Theatre, one of the oldest Off-Broadway venues in New York City.
The building located at 38 Commerce Street contains two stages: a 179-seat main stage and a 60-seat studio. Historically, the theater is best known for serving as the world premiere venue for plays by major artists like F. Scott Fitzgerald, Gertrude Stein, Samuel Beckett, Edward Albee, Harold Pinter, and Sam Shepard. Fiordellisi first purchased the venue in 1996.
Although A24 might not be planning to convert Cherry Lane into a movie palace, its move into New York real estate is similar to Netflix’s 2019 purchase of another imperiled venue, the beloved single-screen Paris Theatre in Manhattan. Netflix also has an ownership stake in Los Angeles’ Egyptian Theatre.
News of A24’s purchase comes after a big 2022 for the studio, with the Best Picture-nominated “Everything Everywhere All at Once” becoming the highest-grossing film in its history. Other films from last year by the studio, such as “The Whale” starring Brendan Fraser and “Aftersun,” have also scored nominations at the upcoming Academy Awards. Film projects set for release from the studio later this year include “Beau Is Afraid,” “Showing Up,” “The Iron Claw,” “Past Lives,” “All Dirt Roads Taste of Salt,” “The Deepest Breath,” “Earth Mama,” and “You Hurt My Feelings,” while TV shows in the works at the distributor include “Beef” and “The Idol.”