Sony acquires Alamo Drafthouse movie-theater chain, WSJ reports

Sony Pictures Entertainment has acquired the eclectic dine-in theater chain Alamo Drafthouse Cinema, a bet on the future of moviegoing, The Wall Street Journal’s Victoria Albert and Robbie Whelan report. The deal, an unusual example of a studio owner buying a theater chain, gives Sony control over a popular date-night destination that bills itself as a magnet for cinephiles, the authors say. Most Alamo locations are in big U.S. cities like New York; Los Angeles; Austin, Texas; and Boston.