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Alamo Drafthouse's Founder Vows to Protect What Makes It Special – Texas Monthly texasmonthly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasmonthly.com Daily Mail and Mail on Sunday newspapers.
Yet, in an interview two days after the beloved cinema chain’s pandemic-induced bankruptcy filing, Tim League also says he can’t guarantee changes aren’t coming. ....
The spotlights will remain dark at the Alamo Drafthouse Cinema location in New Braunfels, as company officials announced Wednesday that the theaterâs temporary closure will now become permanent. The Austin-based dine-in theater chain made the announcement online Wednesday morning, citing the ongoing impact of the coronavirus pandemic. âLast March, we temporarily closed Marketplace along with every other Alamo Drafthouse location,â a post on the theaterâs website said. âNearly a year later, weâre incredibly sad to tell you that because of the ongoing impact of COVID, we will not be reopening Marketplace.â Alamo Drafthouse closed its doors in March 2020 when many businesses were forced to close due to the pandemic. After Gov. Greg Abbott allowed theaters to reopen under specific guidelines, the New Braunfels location remained closed. ....
Alamo Drafthouse Files For Chapter 11 Bankruptcy Protection An Alamo Drafthouse theater Austin-based theater chain Alamo Drafthouse Cinema has voluntarily filed for Chapter 11 bankruptcy protection, one of the first theater groups to do so amid severe financial troubles for the industry in the wake of the coronavirus pandemic. As part of the restructuring, Alamo Drafthouse has entered into an agreement that will involve selling assets to affiliates of Altamont Capital Partners and Fortress Investment Group. The firm has already announced that it will close three theaters: New Braunfels and the original downtown Austin location in Texas, as well as the theater in Kansas City, Missouri. ....