Alamo Drafthouse Cinema Files for Bankruptcy
Following You'll get the latest updates on this topic in your browser notifications. With the bankruptcy, the company will be closing a number of its underperforming locations and restructuring its lease obligations. Alamo Drafthouse operates roughly 40 locations, with its headquarters in Austin, Texas. "Alamo Drafthouse had one of its most successful years in the company's history in 2019 with the launch of its first Los Angeles theater and box office revenue that outperformed the rest of the industry," CEO Shelli Taylor said in a statement. "We're excited to work w...
Source: people.com