Sony Pictures Entertainment buys cinema chain Alamo Drafthouse Cinema

- Sony Pictures Entertainment has acquired U.S. cinema chain Alamo Drafthouse Cinema, the companies said on Wednesday, a move that will give the studio control over movie distribution.

The studio behind notable franchises such as "Resident Evil," "Spider-Man" and "Bad Boys" acquired the Austin, Texas-based Alamo Drafthouse from owners Altamont Capital Partners, Fortress Investment Group and founder Tim League, the companies added. Alamo had filed for Chapter 11 bankruptcy protection in March 2021, as the theater business was hit by the pandemic due to stay-at-home restrictions, and it emerged from the bankruptcy less than four months later, Variety had reported.

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