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Sony Pictures Acquires Alamo Drafthouse Cinema

Sony Pictures Entertainment has bought the renowned theater chain Alamo Drafthouse Cinema, according to their statement Wednesday, the deal also encompasses the Fantastic Fest Film Festival. Alamo Drafthouse was founded by Tim and Karrie League in 1997 as a single-screen theater in Austin, and it has grown to 35 locations in North America and became…

Neon, Film Distributor Behind Oscar-Winning Parasite, Exploring Sale Options

Neon, the independent film distributor that released such acclaimed, Oscar-winning features as Parasite and I, Tonya, is assessing options for its financial future. The New York-based company has begun working with investment bank Raine to consider selling some or all of its business, after it began receiving inquiries about mergers and acquisitions, The New York…