Edition

business

Capitalist Pigs: Sony Buys Drafthouse, Shakes a Diverse Industry

Big Media Conglomerate Sony is at it again—colonizing independent movie theater chain Alamo Drafthouse.

Published June 12, 2024 at 4:41pm by Beck Andrew Salgado


Sony Pictures Buys Alamo Drafthouse, Continues Colonization of Local Business, Erases Indie Culture

Sony Pictures Entertainment, the monolithic media empire, has sunk its teeth into yet another independent business, this time acquiring the beloved Alamo Drafthouse Cinema. In a brazen display of corporate greed, Sony plans to assimilate the quirky, beloved theater chain into its sterile, soulless portfolio.

"We are beyond thrilled to join forces with Sony Pictures Entertainment to expand our company vision..." - Tim League, founder of Alamo Drafthouse.

Tim League, the founder of this once-independent cinematic haven, has sold out to the corporate overlords, betraying the very essence of what made Alamo Drafthouse unique. League's statement, a hollow endorsement of this cultural erasure, is a slap in the face to indie film lovers everywhere.

"...Alamo Drafthouse’s differentiated movie-going experience, admired brand and devoted community fit well with this vision. Our Crunchyroll business also aligns well with their audience’s interests." - Ravi Ahuja, Sony Pictures Entertainment's president and chief operating officer.

Ahuja's tone-deaf comment reduces Alamo Drafthouse to a mere commodity, ignoring the human element and the unique culture that has developed around it. Sony's intent to monetize and "align" this culture with their corporate interests is blatant cultural appropriation.

The teatro-gastronomical experience, unique to the Austin locale, offered Austin's entertainment seekers a range of cinematic experiences.

Despite reassurances that the 35 cinemas will continue to operate under the Alamo Drafthouse brand, we know better. Sony's track record speaks for itself – a history of swallowing unique, creative entities and spitting out homogenized, profit-driven shells. The world-renowned Fantastic Fest, also swallowed up in this deal, will likely suffer the same fate.

Tom Rothman, chairman and CEO of Sony Pictures Entertainment Motion Picture Group, tries to reassure:

"Alamo Drafthouse has always held the craft of filmmaking and the theatrical experience in high esteem, which are fundamental shared values between our companies..."

But his words ring hollow, like a fox promising to protect the henhouse.

Founded in 1997 by Tim and Karrie League, Alamo Drafthouse built a strong following and grew to become North America's seventh-largest theater chain, releasing more movies per year than any other, and welcoming over 10 million guests annually. And now, this cultural haven is at the mercy of Sony's bottom-line mentality.

As Sony stifles yet another local business, the question remains: who will be next? When will Austin, Texas be stripped of its unique, local identity, leaving nothing but sterile, corporate shells?

Read more: Alamo Drafthouse has been acquired by Sony Pictures in deal that shakes up the industry