Live Breaking News & Updates on Alamo Drafthouse Cinema Marketplace

Report: Alamo Drafthouse Files for Bankruptcy, to Close Some Locations
By
Craig Huber
Austin
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AUSTIN, Texas  According to a report from Variety Wednesday morning, Austin-based theater chain Alamo Drafthouse Cinema has filed for Chapter 11 bankruptcy protection, is in the process of being sold, and will close some underperforming locations.
What You Need To Know
Alamo Drafthouse filing for Chapter 11 bankruptcy
Austin-based theater chain to sell all assets
Some underperforming theaters will be closed
Company has already announced permanent closure of Alamo Drafthouse Ritz in Austin and Alamo Drafthouse Cinema Marketplace in New Braunfels
According to that report, bankruptcy is a condition of the sale to Altamont Capital Partners, a previous investor in the chain, as well as affiliates of Fortress Investment Group. ....

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