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Sony Pictures Buys Alamo Drafthouse in Historic, Unexpected Move

Sony Pictures Entertainment has acquired Alamo Drafthouse Cinema in a historic and unexpected move of a major studio buying a major theater chain.

In both Sony’s (Columbia Pictures) case and Universal’s, those studios didn’t own theaters back in the day and weren’t subject to the Paramount Decrees anyway. Alamo was rumored to be on the sales block as recently as March, and six franchised locations (operated by a separate company) abruptly closed just last week. Sony Pictures Entertainment acquired Alamo Drafthouse from owners Altamont Capital Partners, Fortress Investment Group, and founder Tim League.

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