Sony Pictures Entertainment buys cinema chain Alamo Drafthouse Cinema

Sony Pictures Entertainment (SPE) has acquired U.S. cinema chain Alamo Drafthouse Cinema, the companies said on Wednesday, a move that will give the studio control over movie distribution.

The movie theater chain will be managed under SPE’s newly established division Sony Pictures Experiences, which will be headed by Alamo Drafthouse’s Michael Kustermann. He will remain the chief executive of the firm.