Sony Pictures buys Alamo Drafthouse dine-in movie theater chain
- Sony Pictures Entertainment has acquired Alamo Drafthouse, a dine-in movie theater chain, marking a historic event in Hollywood's history.
- The movie theater chain will operate under a new division, Sony Pictures Experiences, with Alamo Drafthouse CEO Michael Kustermann reporting to Ravi Ahuja, President and COO of SPE.
- Sony purchased Alamo Drafthouse from Altamont Capital Partners, Fortress Investment Group, and founder Tim League.
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Sony buys Alamo Drafthouse chain - ABC Columbia
(CNN)– Sony Pictures has brought a dine-in movie theater chain called Alamo Drafthouse. It’s got 35 theaters in 25 metro areas and has a passionate fan base. The deal is notable because most Hollywood studios have been jumping into streaming. But Sony is remaining committed to the theater experience. Alamo Drafthouse declared bankruptcy in 2021 during the COVID-19 pandemic. Business has rebounded since then with box office revenue growing by 30%…
The union between Sony Pictures and Alamo Drafthouse makes its executives very happy, who have expressed that it will be a great stage of growth for both companies.
Sony Pictures acquires Alamo Drafthouse Cinema: What does that mean for recently opened S.I. theater?
STATEN ISLAND, N.Y. -- Sony Pictures Entertainment (SPE) has announced the acquisition of Alamo Drafthouse Cinema and its intentions to manage the brand’s unique collection of theaters -- including the location in New Dorp -- under a newly established division titled Sony Pictures Experiences. According to a press release, the deal reinforces Sony’s commitment to “theatrical exhibition and continued initiatives in experiential entertainment.”
Sony Pictures buys Alamo Drafthouse
Sony Pictures Entertainment is getting into the exhibition business. The studio behind recent films like "Bad Boys: Ride or Die" and "The Garfield Movie" has acquired the distinctive theater chain Alamo Drafthouse Cinema. Included in the deal announced Wednesday is…
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