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Sony Pictures Buys Beloved Theater Chain Alamo Drafthouse

Posted on AllSides June 12th, 2024
From The Left

Alamo Drafthouse is a destination for moviegoers, but as the theater chain has struggled to stay afloat in this era of streaming, it needed someone to come in and save the day. The would-be savior is Sony Pictures, which has acquired Alamo Drafthouse for an undisclosed amount, first reported by Variety on Wednesday. The theater chain will keep its headquarters in Austin, Texas, but it will be under a new division at Sony Pictures called Sony Pictures Experiences. While it might not be the most ideal buyer of the popular...

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