Sony Pictures acquires Alamo Drafthouse dine-in movie theater chain ...Middle East

Sony Pictures Entertainment, the Hollywood studio behind recent hits like “Bad Boys: Ride or Die” and “Anyone but You,” has acquired the Alamo Drafthouse Cinema dine-in movie theater chain, the two companies announced Wednesday. Alamo will be housed under a new corporate division called Sony Pictures Experiences, and the chain will continue to operate all 35 of its locations across 25 metro areas in the U.S., the companies said in a joint statement. The deal is notable partly because major movie studios were long legally prohibited from owning brick-and-mortar theaters under the terms of a landmark Supreme Court antitrust case decided in 1948. But the so-called Paramount Consent Decrees we

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