Drafthouse

Alamo Drafthouse Cinema Acquired by Sony Pictures in Historic Deal – What This Means for Moviegoers!

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Austin, Texas – Sony Pictures Entertainment has made a significant acquisition by purchasing Alamo Drafthouse Cinema, a well-known theater chain with a strong presence in North America. Under the newly-established Sony Pictures Experiences division, Alamo Drafthouse will now operate as part of Sony Pictures Entertainment. The current CEO of Alamo Drafthouse, Michael Kustermann, will retain his position and report to Ravi Ahuja, the president and COO of Sony Pictures Entertainment. The deal also includes Alamo …

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Acquires Alamo Drafthouse: Sony Pictures Saves Cinema Chain in Major Deal

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Los Angeles, California – Sony Pictures has recently made a significant move in the entertainment industry by acquiring the popular movie theater chain, Alamo Drafthouse. This acquisition comes as a lifeline to the struggling cinema chain, which has faced financial difficulties amidst the ongoing COVID-19 pandemic. The deal between Sony Pictures and Alamo Drafthouse marks a pivotal moment in the efforts to revive the movie theater industry, which has been severely impacted by the global …

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Sony Pictures Acquires Alamo Drafthouse: A New Era in Cinema Begins!

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Austin, Texas – Sony Pictures Entertainment has made a strategic move by acquiring Alamo Drafthouse Cinema, a beloved chain known for its unique movie-going experience. The acquisition marks Sony’s reentry into the exhibition business and signals its intention to expand its presence in the entertainment industry. Alamo Drafthouse was founded in 1997 in Austin, Texas, by Tim and Karrie League as a single-screen repertory theater. Since then, it has grown to become North America’s 7th …

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Dallas-Fort Worth Alamo Drafthouse Theaters Close After Franchise Operator Files for Bankruptcy – What’s Next for Moviegoers?

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Dallas, Texas – The Alamo Drafthouse theaters in the Dallas-Fort Worth area faced closure as their franchise operator, Two Is One, One is None LLC, declared bankruptcy. The theaters in Richardson, Las Colinas, Lake Highlands, Dallas, and Denton had to shut down due to financial challenges attributed to the industry’s overall performance. The company highlighted the ongoing struggle of theater attendance to return to pre-pandemic levels. The bankruptcy filing by Two Is One, One is …

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Alamo Drafthouse Cinemas Close Six Locations Amid Economic Struggles – Texas and Minnesota Theaters Shut Down

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Dallas, Texas – Alamo Drafthouse Cinema has recently announced the closure of all five of its North Texas locations, along with one location in Woodbury, Minnesota. The theater chain’s franchise partner and its affiliates cited financial difficulties, with six franchised locations filing for Chapter 7 bankruptcy. The closed North Texas locations include those in Las Colinas, Richardson, Lake Highlands, Dallas, and Denton. The decision to close these theaters was described as a necessary step, with …

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