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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 Alamo Drafthouse Cinema, the companies said Wednesday.
New York (CNN) — Sony Pictures Entertainment has bought dine-in movie theater chain Alamo Drafthouse, the companies announced Wednesday.
Sony's acquisition spree continues, as the giant makes a move unheard of since the Paramount Decree of the 1948.
Sony Pictures Entertainment has acquired Austin-based movie chain Alamo Drafthouse Cinema, according to a news release Wednesday.
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.