Sony buys Alamo Drafthouse. Is it bringing back the old Hollywood studio?
For decades, the Department of Justice blocked film studios from owning their own movie theaters. Not anymore
Source: qz.com
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For decades, the Department of Justice blocked film studios from owning their own movie theaters. Not anymore
Hollywood studio pledges to keep the Drafthouse model going
The 2020 repeal of the Paramount Decrees let Sony acquire the theater chain. The company plans to use Alamo to further boost anime distributor Crunchyroll.
A showdown between the Supreme Court and Paramount Pictures changed the movie theater landscape as we know it.
Advance ticket sales for the film have already surpassed $100 million worldwide. AMC theaters will play it for at least 13 weeks.