Sony Buys Alamo Drafthouse In Surprise Move—Here's How The Theater Chain Went From Bankruptcy To Sale

Sony Pictures announced Wednesday it purchased dine-in movie theater chain Alamo Drafthouse for an undisclosed amount, more than three years after Alamo filed for bankruptcy during the thick of the COVID-19 pandemic, which crushed theatrical revenue and delayed scores of major movies. Timeline Alamo's founder, Tim League, steps down as the chain's CEO to transition to its executive chairman and is replaced by former Disney executive Shelli Taylor. Topline GC Images The COVID-19 pandemic shutters theaters gl ...