Report: Sundance Cinema chain up for sale

Report: Sundance Cinema chain up for sale
Sundance Cinema, 430 N. Midvale Blvd. in the Hilldale Mall

The Sundance Cinema chain is looking for a new owner, according to a report from the LA Times.

The newspaper reported that the theater chain hired an investment bank to find a buyer. Actor Robert Redford is a former executive of the company, but remains part owner.

The Los Angeles-based chain includes a theater at Hilldale Mall in Madison. It also has theaters in San Francisco, Houston and Seattle.

Sundance Cinemas told the LA Times the company enjoyed its fifth consecutive year of revenue and cash flow growth.