filed for bankruptcy on March 3. Alamo founder and executive chairman Tim League and other original investors are also among the minority partners.
Fortress is a new investor in the company while Altamont was a pre-existing investor before the chain’s nationwide closure amid the COVID-19 pandemic.“We’re so thrilled to be reopening theaters across the country and welcoming back audiences for an unparalleled moviegoing experience with films we’ve been eagerly awaiting for over a year now,” Alamo Drafthouse CEO Shelli Taylor said. “We’re so grateful to our incredible partners at Altamont and Fortress, who are completely aligned with our vision for Alamo Drafthouse’s growth.
Read more on thewrap.com
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