Alamo Drafthouse Cinema, Fantastic Fest acquired by Sony Pictures
Sony Pictures Entertainment is entering the movie theater business. The studio behind recent films like “Bad Boys 2” and “Garfield the Movie” has acquired the distinctive movie theater chain Alamo Drafthouse Cinemas, the companies announced Wednesday. The deal also includes genre film festival Fantastic Fest. Sony Pictures Entertainment has acquired the Alamo Drafthouse movie theater […]
Microsoft Lays Off 1,900 from Xbox and Recently Acquired Gaming Giant Activision Blizzard
Microsoft acquired gaming giant Activision Blizzard in October for about $69 billion, and it's wasting no time finding ways to cut costs. The company announced it would lay off 1,900 employees at Activision Blizzard and its Xbox division. This means that 8% of employees are in the gaming department. Microsoft has laid off 1,900 employees […]