Alamo Drafthouse Denver Theaters Survive Bankruptcy for Now
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...
Source: westword.com