Sony Pictures Entertainment Acquires Alamo Drafthouse Cinema
June 12, 2024
Sony Pictures Entertainment has acquired Alamo Drafthouse Cinema; terms were not disclosed. Alamo CEO Michael Kustermann will remain in place and lead SPE's new experiences division, and Alamo will continue to operate 35 cinemas (including Fantastic Fest) with headquarters in Austin, Texas. The seller group included Altamont Capital Partners, Fortress Investment Group and founder Tim League.
- Buyers
- Sony Pictures Entertainment
- Targets
- Alamo Drafthouse Cinema
- Sellers
- Altamont Capital Partners, Fortress Investment Group, Tim League
- Industry
- Media & Entertainment
- Location
- Texas, United States
- Transaction Type
- Buyout
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