The Alamo Drawing Room is a destination for moviegoers, but as Theater chains have struggled to stay afloat In this age of streaming, someone needs to step in and save the world. A potential savior is Sony Pictures, which has acquired Alamo Drafthouse for an undisclosed sum. type Wednesday. The theater chain will remain headquartered in Austin, Texas, but will be part of a new division of Sony Pictures called Sony Pictures Experience.
While it might not be the most ideal buyer for the popular theater chain, the alternative could be a private equity firm that would pare the company’s assets or do something terrible like no longer Get rid of people who talk and text while watching movies).
“We are extremely excited to join forces with Sony Pictures Entertainment to expand our company’s vision to be the best movie theater ever or will ever exist in ways we can only dream of,” said Alamo founder Tim League. “Their passion for film drives growth and the ability to create lasting cultural impact, which aligns perfectly with everything Alamo Drafthouse stands for. “
Alamo Drafthouse was founded in 1997 and has always been a paradise for movie fans. Each location provides food and beverage service during movie screenings and has strict “no talking, no texting” rules. In addition to showing the year’s biggest hits, each location also features special screenings of past films.
Alamo Drawing Room and other movie theater chains 2024 will be a tough year. last week, Five North Texas Drafthouse theaters closed after the franchise owners of those locations filed for bankruptcy.
