Alamo Drafthouse files for bankruptcy, will close some locations permanently
Alamo Drafthouse Cinema began in 1997 as a single-screen mom and pop repertory theater based out of Austin. Author: Doug Delony Updated: 10:27 AM CST March 3, 2021
HOUSTON Austin-based Alamo Drafthouse Cinema has filed for Chapter 11 bankruptcy, the company confirmed Wednesday morning.
Note: the video in this story is from August 2020 and reports on movie theaters reopening during the pandemic
Alamo Drafthouse said the move will provide the company with much-needed incremental financing to stabilize the business during the pandemic.
The industry, like many others – has experienced an unprecedented financial impact due to the coronavirus pandemic.
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Essay: Why Houston needs the River Oaks Theatre By Cary Darling, Staff Writer
Houston film fans may want to prep for another potential disaster, though this one has nothing to do with polar vortexes or ominous blips on the satellite off the coast of Cape Verde.
If, as the Chronicle reported Thursday, Landmark Theatres, the operator of the River Oaks Theatre, and Weingarten Realty, the owner of the land on which the River Oaks sits, can’t come to some sort of resolution over an expiring lease at the end of the month, the curtain may come down for the last time in the historic picture palace. And this would go beyond being just more ancillary damage caused by the pandemic, though the collapse of the movie-exhibition industry in 2020 box office was down a disastrous 76 percent last year as crowds fled indoor public spaces no doubt is one reason the River Oaks finds itself in this predicament.
The grocerant sells a variety of meats. (Courtesy Lindsay Nichols)
The grocerant sells a variety of meats. (Courtesy Lindsay Nichols)
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