A well travelled, entrepreneurial closer who applies thoughtful teamwork and concise communication in every environment he works in.
Two very important observations about Sony here: 1️⃣ The fact that Sony bided its time through the streaming wars has been extensively covered in the trades. They resisted the urge to sink millions of 💲to create their own platform and instead purely profited off their catalog by dealing it to the content hungry +’s of the world. This stacked cash in their cabinets and also let them observe audience behavior without risk. Now Sony is flush and informed. 2️⃣ The Alamo acquisition shines a light on a very interesting division of Sony called Sony Pictures EXPERIENCES. If you go through the trouble of building a division with that title and you combine the details of point 1, I’d say Sony believes there is value to be mined in traditional and event theatrical. Sony, with its methodical approach, will certainly have massive sway over the future of exhibition. This is 💯% exciting news. Great to see one of the studios go another way and be diligent. I believe we will see a lot of leadership from Sony in the upcoming years. #alamo #sony #filmindustry #movies
Sony Pictures Entertainment has acquired Alamo Drafthouse Cinema, the theater chain that inspired a passionate following with its creative cocktails, extensive food menu and strict “no talking, no texting” policies. The media company acquired Alamo Drafthouse from owners Altamont Capital Partners, Fortress Investment Group and its founder Tim League. Read more here: https://lnkd.in/dgYUNpAP
West Coast Marketing Director for Alamo Drafthouse Cinema
6moThanks, Nick. We're very excited about the potential here as well as the challenge of minding church and state. Sony could have purchased any circuit if they simply wanted to enter theatrical, but to me, if you're buying Alamo Drafthouse, you're buying our unique vision of programming and events. It's an approach that's helped us navigate some truly murky waters these past few years.