Published 9 months ago • loading... • Updated 9 months ago

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.

Insights by Ground AI

Does this summary seem wrong?

41 Articles

All

Left

Center

Right

Staten Island Advance

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.”

9 months ago·Richmond County, United States

Read Full Article

Nikkei

Sony Pictures acquires U.S. theater chain, seeking synergy with IPs

TOKYO -- Sony Pictures Entertainment (SPE) has acquired North America's seventh-largest theater chain, Alamo Drafthouse Cinema, it announced Wednesday

9 months ago·Japan

Read Full Article

KTBC

Sony buys Alamo Drafthouse: Austin moviegoers react to acquisition

The Alamo Drafthouse has a new owner. On Wednesday, the Austin-based movie theater chain announced it is being bought by Sony Pictures. Austin moviegoers reacted to the announcement.

9 months ago

Read Full Article

SFist

Sony Just Bought the Alamo Drafthouse Theater Chain, Including the SF Location

Sony Pictures Entertainment just bought up all 35 locations of the boozy and boutique movie theater chain Alamo Drafthouse, including the New Mission theater on Mission Street, after the chain had previously declared bankruptcy in 2021. It might feel like another nail in the coffin in the death of independent theaters with today’s news first reported by Axios that the Alamo Drafthouse movie theaters have been sold to Sony Entertainment Group, an…

9 months ago

Read Full Article

UPI

Sony Pictures buys Alamo Drafthouse dine-in movie theater chain

Sony Pictures announced Wednesday it will acquire Alamo Drafthouse Cinema for an undisclosed amount, making it the first studio in 75 years to own a movie theater chain.

9 months ago·Washington, United States

Read Full Article

YOURERIE

Sony Pictures acquires Alamo Drafthouse Cinema. Will Wrigleyville theater stay open?

All 35 Alamo Drafthouse locations, including Chicago's in Wrigleyville, will stay open during the transition and the company's official headquarters will remain in Texas.

9 months ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year