In a significant move within the entertainment industry, Sony Pictures Entertainment has officially acquired the beloved Alamo Drafthouse Cinema chain. Under a new division called Sony Pictures Experiences, Sony vows to maintain the unique movie-dining experience that Alamo is known for. All 35 Alamo theaters across 25 metro areas will continue to operate under the Alamo Drafthouse brand, with CEO Michael Kustermann staying in his current role. Additionally, Alamo's popular Fantastic Fest film festival will remain under the company's management. The acquisition marks a pivotal moment following the termination of the Paramount Consent Decrees in 2020, which required movie companies to divest their theaters for increased competition. Sony's purchase of Alamo from previous owners after its Chapter 11 bankruptcy in 2021 signifies a shift in the industry landscape. As viewing options for consumers continue to evolve, Sony's move highlights a changing and dynamic entertainment market.