{"id":2266318,"date":"2024-06-12T18:14:02","date_gmt":"2024-06-12T22:14:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sony-pictures-makes-history-and-buys-dine-in-theater-chain-alamo-drafthouse-cinema\/"},"modified":"2024-06-12T18:15:26","modified_gmt":"2024-06-12T22:15:26","slug":"sony-pictures-makes-history-and-buys-dine-in-theater-chain-alamo-drafthouse-cinema","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sony-pictures-makes-history-and-buys-dine-in-theater-chain-alamo-drafthouse-cinema\/","title":{"rendered":"Sony Pictures acquires Alamo Drafthouse Cinema, marking a historic purchase in the dine-in theater industry"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsony-pictures-makes-history-and-buys-dine-in-theater-chain-alamo-drafthouse-cinema%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2266318&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Sony Pictures Entertainment\u200b has acquired\u200b Alamo Drafthouse \u2064Cinema, becoming the first <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/russia-moves-to-legalize-online-media-software-piracy-to-get-around-sanctions\/\" title=\"Russia Moves To Legalize Online Media, Software Piracy To Get Around Sanctions\">major film studio<\/a> in\u2064 over 75 years \u2064to purchase a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bloodbath-hedge-fund-short-sale-losses-top-1-billion-following-gamestop-stock-surge\/\" title=\"Bloodbath: Hedge Fund Short Sale Losses Top  Billion Following GameStop Stock Surge\">theater chain<\/a>. Alamo Drafthouse, based in Austin, Texas, and operating 35 locations, will retain Michael Kustermann as its CEO.\u2063 Kustermann will\u200c also head a new division under\u2062 Sony called Sony Pictures Experiences,\u2063 reporting to Ravi Ahuja, the\u200c president and COO \u200cof \u200dSony Pictures Entertainment. Kustermann expressed enthusiasm about joining forces\u200d with Sony, viewing it as a favorable partnership for Alamo \u200bDrafthouse Cinema.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_79\">\n<p>Sony Pictures Entertainment is acquiring Alamo Drafthouse Cinema, marking the first time a major film studio has purchased a <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/theater\/\" target=\"_blank\" rel=\"noopener\" title>theater<\/a> chain in over 75 years.<\/p>\n<p>The theater chain, which is headquartered in Austin, <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/texas\/\" target=\"_blank\" rel=\"noopener\" title>Texas<\/a>, and has 35 locations, will keep Michael Kustermann as its CEO. Kustermann<a href=\"https:\/\/www.hollywoodreporter.com\/movies\/movie-news\/sony-pictures-acquires-alamo-drafthouse-cinemas-1235920928\/\" target=\"_blank\" rel=\"noopener\" title> will lead a new Sony division<\/a> called Sony Pictures Experiences. Going forward, he will answer to Ravi Ahuja, the president and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/leaked-emails-show-applebees-executive-citing-skyrocketing-inflation-as-advantage-to-lower-wages\/\" title=\"Leaked Emails Show Applebees Executive Citing Skyrocketing Inflation as \u201cAdvantage\u201d to Lower Wages\">chief operations officer<\/a> of Sony Pictures Entertainment.<\/p>\n<p>\u201cWe are excited to make history with Sony Pictures Entertainment and have found the right home and partner for Alamo Drafthouse Cinema,\u201d Kustermann said. \u201cWe were created by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tim-allen-to-reprise-role-as-scott-calvin-in-new-disney-santa-clause-series\/\" title=\"Tim Allen To Reprise Role As Scott Calvin In New Disney \u2018Santa Clause\u2019 Series\">film lovers<\/a> for film lovers. We know how important this is to Sony, and it serves as further evidence of their commitment to the theatrical experience. Together we will continue to innovate and bring exciting new opportunities for our teammates and moviegoers alike.\u201d<\/p>\n<figure><figcaption>Alamo Drafthouse Cinema is pictured on Wednesday, Oct. 11, 2023, in New York. (Photo by Andy Kropa\/Invision\/AP)<\/figcaption><\/figure>\n<p>Alamo Drafthouse Cinema is best known for standing out from competing theater chains by offering high-quality <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/food\/\" target=\"_blank\" rel=\"noopener\" title>food<\/a> that customers can order from waiters who will attend to viewers. The chain also plays old advertisements that tie into the film being played ahead of the showing.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/strong><\/p>\n<p>Until 2020, movie distributors could not purchase theater chains due to the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/coronavirus\/\" target=\"_blank\" rel=\"noopener\" title>Supreme Court<\/a> ruling in <em><a href=\"https:\/\/www.justice.gov\/atr\/paramount-decree-review\" target=\"_blank\" rel=\"noopener\" title>United States v. Paramount Pictures Inc.<\/a> <\/em>from 1948. This was <a href=\"https:\/\/www.justice.gov\/opa\/pr\/federal-court-terminates-paramount-consent-decrees\" target=\"_blank\" rel=\"noopener\" title>later terminated<\/a> by a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-court-is-fast-tracking-sidney-powells-request-for-a-forensic-exam-of-dominion-voting-machines\/\" title=\"Federal Court Is Fast-Tracking Sidney Powell\u2019s Request For A Forensic Exam Of Dominion Voting Machines\">federal court<\/a> in New York in August 2020, about five months into the COVID-19 pandemic.<\/p>\n<p>Like many theater chains, Alamo Drafthouse Cinema struggled during the COVID-19 pandemic and even filed for Chapter 11 bankruptcy in 2021. It was revealed in March that the chain was <a href=\"https:\/\/variety.com\/2024\/film\/news\/alamo-drafthouse-movie-theater-explores-sale-1235955024\/\" target=\"_blank\" rel=\"noopener\" title>exploring a possible sale<\/a>.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sony Pictures Entertainment is purchasing Alamo Drafthouse Cinema, the first major studio to buy a theater chain in over 75 years. Based in Austin, Texas, with 35 locations, Alamo Drafthouse will retain Michael Kustermann as CEO. He will head Sony&#8217;s new division, Sony Pictures<\/p>\n","protected":false},"author":2632,"featured_media":2266319,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP23285690019932-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2266318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP23285690019932-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2266318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2632"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2266318"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2266318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2266319"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2266318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2266318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2266318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}