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The news comes shortly after all five Alamo Drafthouse Cinema locations in North Texas closed as their local franchise partner filed for Chapter 7 bankruptcy. ....
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 Chapter 11 process and sale will give it the capital it needs to continue operating as it emerges from a public health crisis that left many of its locations closed for months. The agreement involves “the sale of substantially all its assets.” ....
Alamo Drafthouse Cinema Files For Bankruptcy comicbook.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comicbook.com Daily Mail and Mail on Sunday newspapers.