Alamo Drafthouse is a destination for moviegoers, but as the theater chain has struggled to stay afloat in this era of streaming, it needed someone to come in and save the day. The would-be savior is Sony Pictures, which has acquired Alamo Drafthouse for an undisclosed amount, first reported by Variety on Wednesday. The theater chain will keep its headquarters in Austin, Texas, but it will be under a new division at Sony Pictures called Sony Pictures Experiences.
“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 Tim League, founder of Alamo Drafthouse Cinema, in a press release. “They have a deep respect and understanding of cinema’s ability to both drive growth and create lasting cultural impact which aligns perfectly with everything Alamo Drafthouse stands for.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sony Pictures buys dine-in movie theater chain Alamo DrafthouseSony Pictures Entertainment announces its purchase of Alamo Drafthouse Cinema. The dine-in movie theater chain has one location in Los Angeles.
Source: latimes - 🏆 11. / 82 Read more »
Sony Pictures buys dine-in movie theater chain Alamo DrafthouseAlamo Drafthouse, which emerged from the pandemic after filing for bankruptcy, will see its 35 theaters remain open under Sony Pictures deal.
Source: CBSNews - 🏆 87. / 68 Read more »
Sony Pictures makes history and buys dine-in theater chain Alamo Drafthouse CinemaSony Pictures Entertainment is acquiring Alamo Drafthouse Cinema, marking the first time a major film studio has purchased a theater chain in over 75 years.
Source: dcexaminer - 🏆 6. / 94 Read more »
Sony Buys Alamo Drafthouse Theater ChainThe chain known for food and drink service in their theaters has a new owner.
Source: screencrushnews - 🏆 544. / 51 Read more »
Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chainSony Pictures acquired Alamo Drafthouse Cinema and Fantastic Fest, entering the exhibition business as the studio expands its experiences initiatives.
Source: cbsaustin - 🏆 595. / 51 Read more »
Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chainJoe Nguyen is a digital strategist for The Denver Post. Previously he was the online prep sports editor. Prior to that, he covered Adams County and Aurora in the YourHub section. He has previously covered Colorado’s Asian-American communities as editor for Asian Avenue magazine and AsiaXpress.com.
Source: denverpost - 🏆 13. / 72 Read more »