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Alamo Drafthouse Arizona Theaters File For Bankruptcy

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deadline.com
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By Anthony D'Alessandro Editorial Director/Box Office Editor The franchise owner of Alamo Drafthouse’s three dine-in movie theaters in Arizona has filed for Chapter 11 amid the impact from exhibition’s nationwide closure during the coronavirus pandemic.

The filing only pertains to the Phoenix-based franchises of Alamo Drafthouse in Tempe, Gilbert and Chandler, not the other corporate owned theaters of the Austin, TX chain.

The owner of the three venues, Craig Paschich, made the news public in the Arizona Republic yesterday. The owner hopes that they eventually reopen.

Paschich is reportedly working with Alamo HQ to figure out the theaters’ next steps and to financially re-organize. Filing for bankruptcy is a safe haven for exhibitors, by

Read more on deadline.com
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