Sony Pictures Buys Major Movie Theater Chain Making Them The First Studio To Own Theaters In 75 Years

This article covers a developing story. Continue to check back with us as we will be adding more information as it becomes available. Sony Pictures buys Alamo Drafthouse, a major movie theater chain, making them the first studio to own theaters in 75 years. In recent years, the theatrical industry has struggled mightily due to a combination of the COVID-19 pandemic and the dual WGA and SAG-AFTRA strikes.

SCREENRANT VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT Now, after quietly soliciting offers for the past several months and struggling to find a buyer, Sony has bought out the major movie theater chain in a historic move. Per Variety, Sony Pictures has acquired Alamo Drafthouse, making them the first studio to own theaters in 75 years. Under its new ownership, the theater chain will be overseen by a newly established division known as Sony Pictures Experiences.

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