15 votes

Alamo Drafthouse files for Chapter 11 bankruptcy and announces sale to private equity firms Altamont Capital and Fortress Investment

Posted by shiruken
Tags: business, theaters, bankruptcy, coronaviruses.covid19, chapter 11, alamo drafthouse, private equity, altamont capital, fortress investment, usa, author.brent lang, source.variety
https://variety.com/2021/film/news/alamo-drafthouse-bankruptcy-chapter-11-sale-1234920558/

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Authors
Brent Lang
Published
Mar 3 2021
Word count
406 words

3 comments

  1. NoblePath
    Link
    This is tragic news. Alamo Drafthouse last bastion of the real magic of the movies. Conveneince and cost cannot replace the splendor of a show house or the connection of group attention, and the...

    This is tragic news. Alamo Drafthouse last bastion of the real magic of the movies. Conveneince and cost cannot replace the splendor of a show house or the connection of group attention, and the drafthouse ensured the respectfulness of that group.

    4 votes
  2. Nivlak
    Link
    Aww this one stings a bit, I hope operations don’t change too much. I grew up in TX and have many fond memories of the draft house in Austin.

    Aww this one stings a bit, I hope operations don’t change too much. I grew up in TX and have many fond memories of the draft house in Austin.

    3 votes
  3. Qis
    (edited )
    Link
    This morning I saw they posted a bit about how masks are still required at the theater despite the governor's proclamations. I assume this is because they're primarily based in the cities? What...

    This morning I saw they posted a bit about how masks are still required at the theater despite the governor's proclamations. I assume this is because they're primarily based in the cities? What are mask etiquettes like in Texas now?

    2 votes