News@lemmy.worldEnglish • 5 months ago

Sony buys Alamo Drafthouse Cinema

www.theverge.com

cross-posted to:
texas@lemmy.world

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Sony buys Alamo Drafthouse Cinema

www.theverge.com

👍Maximum Derek👍 to

News@lemmy.worldEnglish • 5 months ago

cross-posted to:
texas@lemmy.world

Alamo continues to operate its cinemas.

Sony Pictures Entertainment has acquired the popular movie theater chain Alamo Drafthouse Cinema, the two companies announced on Wednesday.

Sony, which will oversee the theaters under a new Sony Pictures Experiences division, says it “will preserve Alamo Drafthouse’s distinctive movie-dining experience,”

Sony is acquiring Alamo Drafthouse from Altamont Capital Partners, Fortress Investment Group, and Alamo founder Tim League — a group that took ownership of Alamo after it filed for Chapter 11 bankruptcy in 2021.

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5•5 months ago
Considering the chain has been owned for a few years by private equity, I don’t know if it could have been any worse than that.

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