David Bridges
Alamo Drafthouse is a vacation spot for moviegoers, however because the theater chain has struggled to remain afloat on this period of streaming, it wanted somebody to come back in and save the day. The would-be savior is Sony Footage, which has acquired Alamo Drafthouse for an undisclosed quantity, first reported by Selection on Wednesday. The theater chain will maintain its headquarters in Austin, Texas, however it is going to be below a brand new division at Sony Footage referred to as Sony Footage Experiences.
Whereas it may not be probably the most best purchaser of the favored theater chain, the choice might have been a non-public fairness agency that will chop up the corporate’s belongings or institute some horrible practices (like not throwing out those that speak and textual content throughout a film).
“We’re past thrilled to affix forces with Sony Footage Leisure to develop our firm imaginative and prescient to be one of the best rattling cinema that has ever, or will ever, exist now in methods we might solely ever dream of,” mentioned Tim League, founding father of Alamo Drafthouse Cinema, in a press launch. “They’ve a deep respect and understanding of cinema’s skill to each drive development and create lasting cultural affect which aligns completely with all the things Alamo Drafthouse stands for.”
Based in 1997, Alamo Drafthouse has been a haven for cinephiles. Every location has meals and drinks service throughout a movie and has a agency “no speak, no textual content” rule. Together with taking part in the largest motion pictures of the 12 months, every location additionally options particular showings of flicks from the previous.
Alamo Drafthouse and different movie show chains are having a tough 2024. Final week, 5 Drafthouse theaters in North Texas have been shuttered after the franchise proprietor of these areas filed for chapter.
Brandon Fletcher
Ethan Carter
