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Sony buys Alamo Drafthouse Cinema
Alamo continues to operate its cinemas.
Sony Pictures Entertainment has acquired the popular movie theater chain Alamo Drafthouse Cinema, the two companies announced on Wednesday. The decrees, resulting from a 1948 Supreme Court decision, forced movie companies to sell the theaters they owned to spur competition and create consumer choice. Since then, Sony isn’t the only movie distributor that has purchased theaters; Netflix has cinemas in New York and Los Angeles.
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