Sony Pictures Entertainment(SPE) has just boughtAlamo Drafthouse Cinema.
Those Loews locations are now owned by AMC Entertainment.
The new Alamo Drafthouse Cinema will be managed within SPE under a new division, Sony Pictures Experiences.
Sony Pictures and Alamo DrafthouseSony Pictures / Amy Brothers / The Denver Post / Getty Images
Alamo Drafthouses HQ will remain in Austin, Texas.
traveling tour, and the opening of Wonderverse in Chicago, said Ahuja.
Alamo Drafthouses differentiated movie-going experience, admired brand and devoted community fit well with this vision.
Our Crunchyroll business also aligns well with their audiences interests.
Together we will continue to innovate and bring exciting new opportunities for our teammates and moviegoers alike.
Goldman Sachs & Co. LLC acted as exclusive financial advisor to Alamo Drafthouse in the transaction.
Variety recently reported that six Alamo Drafthouse franchised locations recently shuttered after their owner filed for bankruptcy.
Those venues closed included five Texas locations in the Dallas-Fort Worth area, a Minnesota venue in Woodbury.
Yesterday, news broke that Skydance and Paramount Global broke off merger talks.
