Fortress secures future for iconic British cinema chain Curzon

Fortress Investment Group has made a significant move in the world of British cinema by acquiring the venerable Curzon. Known for its dedication to arthouse exhibitions, Curzon has been a staple in the UK’s film industry since 1934. This latest acquisition promises to safeguard the company’s future across exhibition, distribution, and streaming.

A second acquisition in five years

The acquisition, announced recently, is the second major change in ownership for Curzon in less than five years. Previously acquired by the Cohen Media Group in late 2019, Curzon’s transition to Fortress underscores the cinema chain’s enduring appeal and potential. Though financial details of the deal remain undisclosed, it encapsulates Curzon’s extensive footprint, which includes 16 locations and 46 screens across the UK.

Expanding the theatrical presence

Curzon has not rested on its laurels, expanding its theatrical presence in recent years with new venues in Hoxton, Camden, Kingston-upon-Thames, and Canterbury. This strategic growth aims to increase accessibility to high-quality cinema and provide cultural enrichment to a broader audience.

Notable wins in distribution

Curzon’s distribution arm has also seen significant success, particularly with the Irish-language film “Kneecap”. Co-developed with Wildcard Distribution, this pic has amassed over £2 million ($2.5 million) at the UK and Ireland box office and earned 14 British Independent Film Awards nominations. Another triumph was Alice Rohrwacher’s “La Chimera”, which garnered £930,000 ($1.1 million), including an 18-week engagement at Curzon’s flagship location in Bloomsbury.

Upcoming releases

The future looks promising for Curzon with an exciting slate of films lined up. This includes Latvia’s Oscar entry “Flow” and Belgium’s Academy Awards submission “Julie Keeps Quiet”. These films are expected to further cement Curzon’s reputation for distributing critically acclaimed and culturally significant works.

Strengthening streaming services

Curzon has embraced the digital age with its streaming platform, Curzon Home Cinema, launched in 2010. Now available across multiple platforms and devices, this service reaches 6.5 million households, allowing film enthusiasts to enjoy Curzon’s curated selection from the comfort of their homes.

Building a legacy through international cinema

Curzon’s reputation has been built over nine decades by introducing international cinema to British audiences. This commitment to diverse storytelling was strengthened in 2006 when Curzon absorbed the arthouse label Artificial Eye. Today, its library boasts works from acclaimed directors like Wim Wenders, Michael Haneke, Béla Tarr, Alice Rohrwacher, and Ruben Östlund.

Fortress’s vision for Curzon

Fortress, managing assets worth $48 billion, is committed to bolstering Curzon’s legacy. The group aims to support the expansion of Curzon’s theatrical footprint while enhancing distribution and awards campaign strategies.

“Allison Swayze, managing director at Fortress, praised Curzon for its long-standing global recognition and its ability to connect independent and critically acclaimed films with UK audiences. “We’re pleased to acquire Curzon, and bring our support to the company’s dedicated team. Curzon has exciting near-term plans which include expanding its cinema footprint, and delivering awards and release plans for an exciting slate of films. Our acquisition secures the jobs of more than 350 employees, and helps Curzon continue to offer film fans a range of independent and blockbuster movies both in cinemas and at home.”

Inspiration for cinephiles

As Curzon embarks on this new chapter backed by Fortress, the future seems bright for British cinema enthusiasts. Curzon’s unwavering commitment to bringing the best of international and independent films to audiences ensures that its legacy will only grow stronger.

For more updates on the latest in cinema and streaming, be sure to share this article on social media and follow us for the latest news in the film industry.