In a major development in the US exhibition landscape, Sony Pictures Entertainment (Spe) has acquired Alamo Drafthouse Cinema for an undisclosed sum.
The news follows reports in spring that the exhibitor had been exploring a sale and will see Spe manage the 35-strong dine-in theatre chain under a newly established division, Sony Pictures Experiences.
Alamo Drafthouse’s Michael Kustermann will remain CEO of the chain and becomes head of Sony Pictures Experiences, reporting to Ravi Ahuja, president and COO of Spe.
Alamo Drafthouse will continue to operate all its cinemas across 25 metro areas under the Alamo Drafthouse brand, as well as Fantastic Fest,…
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