Sony Pictures Acquires Alamo Drafthouse Cinema

Sony Pictures Entertainment is getting into the exhibition business.

The studio behind recent films like "Bad Boys: Ride or Die" and "The Garfield Movie" has acquired the distinctive theater chain Alamo Drafthouse Cinema. I Photo: Alamo Drafthouse Cinema Facebook

The studio behind recent films like "Bad Boys: Ride or Die" and "The Garfield Movie" has acquired the distinctive theater chain Alamo Drafthouse Cinema, the companies announced, Mainichi Japan reported.

Included in the deal is the genre film festival Fantastic Fest. Sony said it will continue to welcome content from all studios and distributors at the dine-in theaters.

Alamo Drafthouse was founded in 1997 as a single-screen, family-owned repertory theater in Austin, Texas, and has grown to 35 locations in North America. It distinguished itself in the exhibition landscape with drinks, dine-in food service, and a cool vibe that became a favorite of cinephiles.

"We are beyond thrilled to join forces with Sony Pictures Entertainment to expand our company vision to be the best damn cinema that has ever, or will ever, exist now in ways we could only ever dream of," Alamo Drafthouse founder Tim League said in a statement.

"They have a deep respect and understanding of cinema's ability to both drive growth and create lasting cultural impact, which aligns perfectly with everything Alamo Drafthouse stands for," the Associated Press (AP) also reported.