The Press Release:
Sony Pictures Entertainment (SPE) and Alamo Drafthouse Cinema today announced that SPE has acquired Alamo Drafthouse Cinema, the unique and fastest growing theatrical exhibitor. The company will be managed within SPE under a newly established division, Sony Pictures Experiences. The deal reinforces SPE’s long-held commitment to theatrical exhibition and continued initiatives in experiential entertainment.

Alamo Drafthouse’s Michael Kustermann will remain CEO of the pioneering dine-in movie theater chain and head Sony Pictures Experiences, reporting to Ravi Ahuja, President and COO of SPE. Alamo Drafthouse will continue to operate all 35 of its cinemas across 25 metro areas under the Alamo Drafthouse brand. Alamo Drafthouse-owned Fantastic Fest, the world-renowned genre film festival, is included in the acquisition and will also continue to be operated by Alamo Drafthouse. The company’s headquarters will remain in Austin, Texas.
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