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Alamo Drafthouse Emerges From Bankruptcy, Plans to Open Five New Theaters

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variety.com
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Rebecca Rubin Film and Media ReporterRejoice, cinema lovers. Alamo Drafthouse, the theater chain that’s popular for its no-nonsense approach to moviegoing, has emerged from Chapter 11.The bankruptcy filing was announced in March as the Texas-based company, like many theater chains, was struggling to recover from closures related to the COVID-19 pandemic.

Now, Alamo Drafthouse has completed its sale to Altamont Capital Partners, funds managed by affiliates of Fortress Investment Group LLC and Alamo Drafthouse founder Tim League.“We’re so grateful to our incredible partners at Altamont and Fortress, who are completely aligned with our vision for Alamo Drafthouse’s growth,” Alamo Drafthouse CEO Shelli Taylor said in a statement.

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