Sony Pictures Entertainment has acquired the distinctive theater chain Alamo Drafthouse Cinema, the companies said Wednesday. Included in the deal is the genre film festival Fantastic Fest.

Sony Pictures Entertainment has acquired Alamo Drafthouse Cinema in a historic and unexpected move of a major studio buying a major theater chain.

On Wednesday afternoon is was announced Sony Pictures had acquired Alamo Drafthouse Cinema in a deal that could shake up the industry.

Sony Pictures buys Alamo Drafthouse Cinema, pioneer dine-in theater chain with 50 locations, two in El Paso.

For more than seven decades, studios weren't allowed under certain conditions to own an exhibition company under the Paramount Consent Decrees, which were rescinded in 2020.

Alamo Drafthouse, which emerged from the pandemic after filing for bankruptcy, will see its 35 theaters remain open under Sony Pictures deal.

“We are excited to make history with Sony Pictures Entertainment and have found the right home and partner for Alamo Drafthouse Cinema,” said Kustermann said in a statement.

Arts & Entertainment Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chain All five Alamo Drafthouse theaters in North Texas recently closed.

Sony Pictures announced Wednesday it will acquire Alamo Drafthouse Cinema for an undisclosed amount, making it the first studio in 75 years to own a movie theater chain.

Alamo Drafthouse was founded in 1997 as a single screen, family-owned repertory theater in Austin, Texas and has grown to 35 locations in North America.

Sony Pictures Entertainment is getting into the exhibition business. The studio behind recent films like “Bad Boys: Ride or Die” and “The Garfield Movie” has acquired the distinctive theater chain ...