Alamo Drafthouse is a vacation spot for moviegoers, however because the theater chain has struggled to stay afloat on this period of streaming, it wanted somebody to return in and save the day. The would-be savior is Sony Footage, which has acquired Alamo Drafthouse for an undisclosed quantity, first reported by Variety on Wednesday. The theater chain will preserve its headquarters in Austin, Texas, however will probably be beneath a brand new division at Sony Footage known as Sony Footage Experiences.
Whereas it won’t be essentially the most preferrred purchaser of the favored theater chain, the choice may have been a personal fairness agency that may chop up the corporate’s property or institute some horrible practices (like now not throwing out those who talk and text during a movie).
“We’re past thrilled to affix forces with Sony Footage Leisure to broaden our firm imaginative and prescient to be the perfect rattling cinema that has ever, or will ever, exist now in methods we may solely ever dream of,” stated Tim League, founding father of Alamo Drafthouse Cinema, in a press launch. “They’ve a deep respect and understanding of cinema’s means to each drive progress and create lasting cultural impression which aligns completely with every part 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 discuss, no textual content” rule. Together with enjoying the most important films of the 12 months, every location additionally options particular showings of films from the previous.
Alamo Drafthouse and different movie show chains are having a rough 2024. Final week, five Drafthouse theaters in North Texas were shuttered after the franchise proprietor of these areas filed for chapter.
Trending Merchandise
