Earlier this week, Sony Pictures Entertainment announced the acquisition of Alamo Drafthouse Cinema. On one hand, this is great news for the theater chain, which filed for bankruptcy several years ago. On the other hand, this Sony’s “saving” of the chain encapsulates the way of thinking that led to the movie industry’s downturn in the first place. Why did Sony buy the Alamo Drafthouse? Alamo will now be managed by a new Sony division called “Sony Pictures Experiences,” which will presumably aim to provide “experiences” for movie audiences beyond the actual films Sony makes. The post Sony’s Alamo Drafthouse Purchase Is Another Nail in the Coffin of a Dying Movie Industry appeared first
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