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Alamo Drafthouse, the dine-in movie show chain that light in the course of the pandemic earlier than declaring chapter three years in the past, has a contemporary lease on life after discovering a brand new company proprietor. 

Sony Photos stated Wednesday it has bought Alamo and can maintain its 35 areas open. The theater, whose headquarters will stay in Austin, Texas, will likely be folded into a brand new division referred to as Sony Photos Experiences. As a part of the transaction, Sony additionally acquired Alamo’s style movie competition, Incredible Fest. 

Sony did not disclose the acquisition value or different phrases of the deal.

Sony Image President Ravi Ahuja stated the deal aligns with the corporate’s mission of “participating leisure followers outdoors the house in enjoyable and distinctive methods,” including that “Alamo Drafthouse’s differentiated movie-going expertise, admired model and devoted neighborhood match nicely with this imaginative and prescient.”

Alamo is the nation’s largest privately owned theater chain, with areas in California, New York, Texas, Virginia and different states. The theaters entice greater than 10 million clients a 12 months, in response to Sony.

Alamo, launched in Austin in 1997, distinguished itself within the land of film chains by providing clients alcoholic drinks, seat-side meals service and a vibe that rapidly made a splash amongst theater goers. The corporate’s tagline: “The Alamo Drafthouse Theater is sweet meals, good beer and good movie, all on the similar place!” 

“We have been created by movie lovers for movie lovers,” Alamo CEO Michael Kustermann, who will retain his place, stated in a press release. “We all know how necessary that is to Sony, and it serves as additional proof of their dedication to the theatrical expertise.”

Social-distancing restrictions as a result of pandemic, coupled with the delayed launch of recent movies, slammed its enterprise, Alamo stated in submitting for chapter in 2021. Alamo had 41 theaters earlier than in search of safety from collectors, however the firm closed six areas throughout north Texas.


All 5 Dallas-area Alamo Drafthouse areas closing instantly resulting from chapter submitting

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Alamo was one in every of a variety of movie show chains that cratered in the course of the pandemic. The proprietor of Regal Cinemas, Cineworld, declared chapter in 2022. AMC Theatres risked working out of money final 12 months till it obtained a $917 million money infusion from buyers.

Personal fairness corporations Altamont Capital and Fortress Funding purchased Alamo as a part of its chapter. The theater firm emerged from Chapter 11 in March of 2021. 

—The Related Press contributed to this report.

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