Mark Cuban puts Landmark Theatres and Magnolia Pictures up for sale

Cuban told Bloomberg News that he was "just testing the waters" and wouldn't sell "unless the offer is very, very compelling." There's no way to know how the privately held Landmark is doing, but in general the movie theater business isn't having an easy time, what with a big drop in box office revenue and an increasing push by the studios to narrow the time between theatrical release and home viewing. Landmark operates 55 cinemas in 21 cities, including L.A. (show folk are often seen at its Westside Pavilion multiplex). Magnolia Pictures distributes independent films in theaters and for home-entertainment.