Sony Buys Alamo Drafthouse In Surprise Move—Here's How The Theater Chain Went From Bankruptcy To Sale
Sony Group(SONY) Forbes·2024-06-13 04:42
ToplineSony Pictures announced Wednesday it purchased dine-in movie theater chain Alamo Drafthouse for an undisclosed amount, more than three years after Alamo filed for bankruptcy during the thick of the COVID-19 pandemic, which crushed theatrical revenue and delayed scores of major movies.Sony announced the purchase Wednesday afternoon. (Photo by AaronP/Bauer-Griffin/GC Images)GC Images Timeline The COVID-19 pandemic shutters theaters globally, forcing Alamo to close most of its then-41 locations, furloug ...