Sony Pictures Acquires Alamo Drafthouse, Reentering Theater Ownership

This historic deal marks the first major studio acquisition of a theater chain since the 1948 Paramount Consent Decrees.

Alamo Drafthouse will continue to operate its 35 locations under current CEO Michael Kustermann.
The acquisition includes Alamo's renowned Fantastic Fest, which will remain under Alamo's management.
Sony aims to enhance Alamo's unique movie-going experience while maintaining its independent spirit.
This move aligns with Sony's broader strategy to engage audiences through experiential entertainment.
Alamo Drafthouse was founded in 1997 and has become a beloved dine-in cinema chain with a strong fan base.