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COVID pushes Alamo Drafthouse Cinemas into bankruptcy FacebookTwitterEmail Alamo Drafthouse Cinemas Holdings filed for bankruptcy protection Wednesday in Delaware. It has three theaters in San Antonio, including in the Park North Shopping Center at 618 NW Loop 410.File photo Alamo Drafthouse Cinemas, the theater chain launched nearly 25 years ago in Austin, sought bankruptcy protection Wednesday after it was unable to overcome challenges brought on by the pandemic. As part of its Chapter 11 reorganization filing, Alamo Drafthouse is proposing to sell its assets under the supervision of the U....

Alamo Drafthouse files for Chapter 11, announces sale to Altamont Capital, Fortress Investment Brent Lang, provided by FacebookTwitterEmail Alamo Drafthouse Cinema, the Texas-based theater chain that has become a favorite with cinephiles for its dine-in service and fan-forward approach to exhibition, has filed for Chapter 11. The bankruptcy filing comes as part of an asset purchase agreement with Altamont Capital Partners, a previous investor in the company, as well as affiliates of Fortress Investment Group, a new backer. The company says that operations will continue as normal and the Chap...

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 ...

As pandemic shutdowns continue to disrupt the movie exhibition industry, Alamo Drafthouse just announced that it has filed for bankruptcy and Chapter 11 protections in Delaware. The arthouse chain plans to restructure the organization and sell its assets to its senior lender group, which includes Altamont Capital Partners, funds managed by Fortress Investment Group LLC, founder Tim League, and other original investors, according to a statement from the company. The moves are designed to help the business make it through COVID-19 closures until it can resume its long-term growth trajectory t...

Alamo Drafthouse Files For Chapter 11 Bankruptcy Protection An Alamo Drafthouse theater Austin-based theater chain Alamo Drafthouse Cinema has voluntarily filed for Chapter 11 bankruptcy protection, one of the first theater groups to do so amid severe financial troubles for the industry in the wake of the coronavirus pandemic. As part of the restructuring, Alamo Drafthouse has entered into an agreement that will involve selling assets to affiliates of Altamont Capital Partners and Fortress Investment Group. The firm has already announced that it ...