Alamo Drafthouse Files for Chapter 11 Bankruptcy Protection, Closes Ritz
Staying dark: Alamo Drafthouse filed for Chapter 11 bankruptcy protection, and announced that as part of the proposed agreement its downtown Austin location, the Alamo Ritz, will close permanently. (Photo by John Anderson) A huge blow and a potential for hope for fans of the Alamo Drafthouse this morning: The Austin-based cinema chain filed a voluntary chapter 11 filing with the United States Bankruptcy Court for the District of Delaware, and will be closing multiple locations, including the beloved Ritz in Austin. Sources close to the Drafthouse had suggested in recent ...
Source: austinchronicle.com