Reported about 1 year ago
Sony Pictures Entertainment has acquired Alamo Drafthouse Cinema, making it the first major studio to acquire a cinema chain since the repeal of the 'Paramount' consent decrees. The U.S. cinema chain will be managed under Sony Pictures Experiences, with Michael Kustermann as CEO. Alamo Drafthouse will retain its 35 cinemas across 25 metro areas, serving over 10 million guests annually, and Sony's acquisition follows Alamo's emergence from Chapter 11 bankruptcy in 2021 after being hit by pandemic-related challenges.
Source: YAHOO