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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.
If you hadn't noticed, it's not just good enough for a publicly traded company to provide an excellent, affordable product that people like. Wall Street demands improved quarterly returns at any cost, which, sooner or later, causes any successful company to begin cannibalizing itself to feed the "growth for growth's sake" gods. Mergers, price hikes,…