landmart
Latest
Amazon reportedly wants to buy a movie theater chain
Amazon might soon have brick-and-mortar movie theaters of its own if it succeeds in acquiring Landmark Theatres. According to anonymous Bloomberg sources, the e-commerce giant is one of the companies seeking to buy the chain and its 50 locations, which focus on independent and foreign films, from Wagner/Cuban Cos. Amazon has refused to confirm to Bloomberg if it's truly vying to acquire the business, but it's not unthinkable that the company would want to buy movie theaters given its entertainment push. Amazon recently named a new studio chief and made organizational changes to be able to take on Netflix. Reports from earlier this year claimed the company will focus on producing big movies to lure people into Prime, as well.
