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Alamo Drafthouse Emerges From Chapter 11 Bankruptcy

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thewrap.com

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.

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