Sony Pictures Entertainment has acquired Alamo Drafthouse Cinema, which includes 35 locations in 25 metropolitan areas. The acquisition is part of Sony's strategy to expand into experiential entertainment. The deal marks a significant move for Sony as it ventures into the theater business, raising questions about the future of studio-owned theaters and whether other studios or streamers should follow suit. Austin film buffs have reacted to the purchase, expressing concerns about the impact of big corporate ownership.
Are studio-owned theaters the future of the theatrical business? Or is the Sony-Alamo Drafthouse deal merely a blip as we wade into an era of major regulatory shake-ups in Hollywood? @eriqgardner explores. https://t.co/rENNzTksL9
Why did Sony buy Alamo Drafthouse — and is it actually a good thing? https://t.co/OylEWFdfNC
Sony’s Bet on Alamo Drafthouse Is More than a Crunchyroll of the Dice https://t.co/9YsOD82EKz via @IndieWire