Sony Pictures Entertainment, the Hollywood studio behind recent hits like 'Bad Boys: Ride or Die' and 'Anyone but You,' has acquired the Alamo Drafthouse Cinema dine-in movie theater chain, the two companies announced Wednesday. Alamo will be housed under a new corporate division called Sony Pictures Experiences, and the chain will continue to operate all 35 of its locations across 25 metro areas in the U.S., the companies said in a joint statement.
The theaters operated under the Alamo brand offer a mix of new releases and repertory titles, including horror and science-fiction fare that tend to draw large audiences. Sony said Alamo will 'continue to welcome content from all studios and distributors.' Alamo's devoted customer base has not always translated into financial success, however. The company filed for Chapter 11 bankruptcy in March 2021, shuttered some locations and called off plans to open new locations.
Source: Entertainment Trends (entertainmenttrends.net)
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