Sony Buys Alamo Drafthouse Theater Chain
In news that could lead to a major shake up the movie and movie theater industries, Sony announced it was acquiring the Alamo Drafthouse chain of multiplexes. Sony will maintain the Alamo Drafthouse name and will continue to operate its theaters 25 metropolitan areas around the country. Its headquarters will remain located in Austin, Texas. “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 Alamo Drafthouse co-founder Tim League in a pre...