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Theaters Could Become Acquisition Targets During Pandemic

As theaters remain dark, there might be a game of musical chairs behind the scenes.

According to Broadway investment banker Lisbeth R. Barron, who brokered the deals for British firm Ambassador Theatre Group to take over six theaters in the United States, the overwhelming losses that the COVID-19 pandemic has caused might lead to some theaters changing hands. “Some of the smaller independent venues, particularly those in smaller markets, that may not be well capitalized may be more likely to be sold,” she commented, adding that “the right buyers are just as eager to buy regional theaters, whether they are in the United States, Europe, or parts of Asia.”

“Venues, with...

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