Historic Off-Broadway theatre Cherry Lane Theatre has been purchased by film studio A24, the company behind such films as Everything Everywhere All at Once, Moonlight, and more. The news was reported by Curbed.

Details on the transaction are scarce, but the move follows a failed 2021 sale to the Lucille Lortel Theatre Foundation (which itself made a major real estate buy this week). The venue, Off-Broadway's oldest continuously running theatre, is expected to remain a theatre.

After a life as a brewery, tobacco warehouse, and box factory, the Cherry Lane opened as a theatrical venue in 1923, then called the Cherry Lane Playhouse. Among works that had their premieres in the space are Samuel Beckett's Happy Days and Sam Shepard's True West. The stage has also hosted performances of works by such writers as F. Scott Fitzgerald, Eugene O'Neill, Clifford Odets, Gertrude Stein, Tennessee Williams, LeRoi Jones, Eugène Ionesco, Lanford Wilson, Lorraine Hansberry, David Mamet, and Joe Orton, among others.

The theatre is home to two stages, a 179-seat mainstage and a 60-seat studio.