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Alamo Drafthouse Chain Sees Layoffs Among Corporate Staff, Hourly Theater Employees
Alamos Drafthouse has laid off 15 corporate staffers as well as a significantly larger number of hourly employees across its circuit, effective immediately.
The corporate layoffs rep about 9% of the total focusing on support center and technical engineers to streamline the business, a person familiar…
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3 Comments Comment on Alamo Drafthouse Chain Sees Layoffs Among Corporate Staff, Hourly Theater Employees
Sony Reveals First ’28 Years Later’ Poster & Teaser With Morse Code Clue
Nearly two decades after the last installment, the first look at 28 Years Later raises more questions than answers — one being, “Does anyone know morse code?”
Sony debuted the first poster and teaser for the zombie sequel on Friday, ahead of the Alex Garland-written, Danny Boyle-directed film’s June…
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By Glenn Garner
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Sony Pictures Entertainment Q2 Profits Slide To $124M; Impact From Hollywood Strikes Cited
UPDATED: Second-quarter profits at Sony Pictures Entertainment slid to $124 million for the three months ended September 30, 2024. That's a 39% decrease versus the similar quarter in 2023, on a U.S. dollar basis. Adjusted OIBDA (Operating Income Before Depreciation and Amortization) came in at $218…
Sony Boss Tony Vinciquerra Eyes Private Equity Return After “Boring” Exit From ‘The Last Of Us’ Studio
Tony Vinciquerra has said he is considering a return to private equity after executing what he described as his controversy-free succession plan at Sony Pictures Entertainment.
In a shock move, Vinciquerra announced last month that he was stepping down from his Sony CEO role in January 2025, but will…
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By Jake Kanter
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Sony Shocker: Tony Vinciquerra Stepping Down As CEO; Ravi Ahuja To Succeed Him
In a surprise executive shuffle, Sony Pictures Entertainment Chairman and CEO Tony Vinciquerra is stepping down from his CEO role, effective Jan. 2, 2025. SPE's current Chairman of Global Television Studios and President and COO, Ravi Ahuja, will be taking the reigns as SPE President and CEO.
Ahuja…
Alamo Drafthouse Completes Major Upgrade, Expansion Of Its Top Grossing Downtown Brooklyn Cinema
Alamo Drafthouse has added five new auditoriums to its Downtown Brooklyn cinema in a major upgrade of the chain’s first NYC location and highest grossing theater since opening in 2016.
The eat-in, art house, first run and repertory chain, acquired by Sony in June, has also just purchased six theaters…
Sony Pictures Entertainment Names Drew Shearer EVP, CFO
Drew Shearer has been promoted to EVP, CFO of Sony Pictures Entertainment, succeeding Philip Rowley, who is stepping down after eight years.
The appointment is effective Oct. 1.
Shearer is a near 30-year vet of the studio. He began in 1996 at Sony Corporation of American as Director of Internal…
Sony Returns To Exhibition Business, Acquires Alamo Drafthouse Cinema Circuit
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…
RespectAbility Reveals Cohort Participants Of New Physical Production Intensive
RespectAbility, a disability-led nonprofit known for creating systemic change in how society views and values people with disabilities, has announced a new cohort of five participants for the organization's Physical Production Intensive.
Since 2019, RespectAbility has been running a variety of…
Paramount Shares Dip On Report Sony “Rethinking” $26 Billion Bid
Shares of Paramount Global dipped in afternoon trading on a CNBC report that Sony may be “rethinking” a joint bid with Apollo for the company.
A person familiar with the situation said there’s no indication Sony is pulling out of a deal. And the CNBC report noted that the “rethinking” may mean a…
Tahra Grant Promoted To Sony Pictures Entertainment EVP, Chief Communications Officer
Sony’s SVP of Corporate Communications for the Motion Picture Group, Tahra Grant, has been upped to EVP, Chief Communcations Officer for Sony Pictures Entertainment.
Grant succeeds Robert Lawson in a top Corp Comm post that reports directly to Sony Pictures Entertainment Chairman and CEO Tony…
Skydance Still In Pole Position For Paramount As Two Hash Out Terms; Sony & Apollo Waiting In The Wings
Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison's studio and its backers take control of the storied film and television company owned by Shari Redstone. The exclusive month-long negotiating period through May 3 is likely to be extended perhaps by a few…
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