The Malibu Playhouse has been quietly sold to Coldplay frontman Chris Martin. The Malibu Times has confirmed a TMZ report that the British musician paid close to the $4.45 million asking price. The 99-seat theater that sits on 6.5 acres is home to the Malibu Stage Company and Young Actors Project. The venue has had many incarnations. It was once a church and later a recording studio. No word yet on the future of the site, but theater and music are a family business for 41-year-old Martin, who has two children with his ex-wife, actress Gywneth Paltrow. An announcement is expected soon from the Malibu Playhouse Board of Directors.
“I think Chris Martin’s purchase of the playhouse is a wonderful development and a hopeful sign for the future of performing arts in Malibu,” said Diane Namm, former Malibu Playhouse board member and producing director. “I know how important the playhouse and its productions are to the community. It’s awesome that one of our celebrity own has taken up the mantle to support our lovely theater.”
Michael Schirtzer, who produces comedy shows at the theater, said, “I am happy to hear that the playhouse has been purchased by someone who supports the arts and I look forward to seeing the revitalization of the space. I and my monthly comedy show welcome our new owner, a proven patron of the arts.”Â
When asked for comment, listing agent Shen Schulz of Sotheby’s International Realty said he was respecting the privacy of those involved in the transaction. Lily Harfouche of Coldwell Banker represented the buyer.