Washington
Sony Pictures buys Alamo Drafthouse theater chain beloved by movie buffs
For the first time in several decades, a major film studio has bought a theater chain.
Sony Pictures Entertainment has acquired Alamo Drafthouse Cinema, the companies said Wednesday. Alamo, which operates 35 dine-in movie theaters across several states, will become part of a new division called Sony Pictures Experiences, which will be led by Alamo CEO Michael Kustermann.