Sony Pictures Acquires Alamo Drafthouse Cinema & Fantastic Fest

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Sony's acquisition spree continues, as the giant makes a move unheard of since the Paramount Decree of the 1948.

The theater chain will be managed by a new division within SPE, Sony Pictures Experience, and will also have Fantastic Fest, the genre film festival owned and operated by Alamo, included in the acquisition.

“We believe strongly in engaging entertainment fans outside the home in fun and distinctive ways as seen most recently with our Wheel of Fortune LIVE! traveling tour, and the opening of Wonderverse in Chicago,” said Ravi Ahuja, President and COO of SPE.

As far as any changes go, it’s unknown exactly what, if any, will be done. Reports of Alamo looking for buyers had been surfacing for some time now, and at least for now, it doesn’t seem like much should change going forward with the company.Anthony Nash has been writing about games and the gaming industry for nearly a decade. When he’s not writing about games, he’s usually playing them. You can find him on Twitter talking about games or sports at @_anthonynash.

 

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