Sony Pictures Entertainment buys cinema chain Alamo Drafthouse Cinema

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Sony Pictures Entertainment buys cinema chain Alamo Drafthouse Cinema
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The movie theater chain will be managed under SPE’s newly established division Sony Pictures Experiences, which will be headed by Alamo Drafthouse’s Michael Kustermann

Sony Pictures Entertainment has acquired U.S. cinema chain Alamo Drafthouse Cinema, the companies said on Wednesday, a move that will give the studio control over movie distribution.

The chain brings over 10 million guests annually, and has a core audience of 4 million loyalty members, the companies said. “They have a deep respect and understanding of cinema’s ability to both drive growth and create lasting cultural impact which aligns perfectly with everything Alamo Drafthouse stands for,” Tim League said.

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