Sony Pictures Entertainment has acquired the popular movie theater chain Alamo Drafthouse Cinema, the two companies announced on Wednesday.
Sony, which will oversee the theaters under a new Sony Pictures Experiences division, says it “will preserve Alamo Drafthouse’s distinctive movie-dining experience,” according to a press release. Alamo will continue to operate “all 35 of its cinemas across 25 metro areas under the Alamo Drafthouse brand,” and current CEO Michael Kustermann will remain in that ...