Sony Pictures Entertainment (SPE) has just bought Alamo Drafthouse Cinema. Deadline first told you the chain was up for sale and being shopped around to studios. The move puts Sony, which still has its eye on acquiring Paramount Global, in the exhibition business once again after owning the Loews Theater chain back in the 1990s
Sony Pictures Entertainment
Widespread optimism months ago that domestic box office might readily return to pre-Covid levels has given way to a new sense of pragmatism about the movie business. This year’s tally will far surpass last year’s $4.5 billion haul, but it will certainly fall billions short of 2019’s $11.4 billion in receipts, and all bets are
Refresh for latest…: Sony Corp is reporting its full year 2019 earnings from Tokyo this morning with a 28.4% dollar increase in profits at Sony Pictures Entertainment. The division recorded $628M in operating income, up from $489M the previous year. The significant hike, which is through March 31, 2020 just after the coronavirus pandemic had