The companies made the announcement on Wednesday.Alamo Drafthouse has spread from a single screen in Austin in 1997 to having locations across the country."We are beyond thrilled to join forces with Sony Pictures Entertainment to expand our company vision to be the best damn cinema that has ever, or will ever, exist now in ways we could only ever dream of," said Alamo Drafthouse founder Tim League in a statement.
The franchisor blamed struggling ticket sales and high franchise fees.It is not clear how, if at all, the acquisition would affect the closed theaters.Alamo said last week that the company was "working as quickly as possible to get Alamo Drafthouse Cinema back up and running in these cities."Alamo Drafthouse itself filed for Chapter 11 bankruptcy and closed some locations in March 2021.
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