Alamo Drafthouse Takes Over Bankrupt Franchisee Theaters in Texas and Minnesota
variety.comRebecca Rubin Senior Film and Media Reporter Alamo Drafthouse is taking over the six franchisee locations that closed in June due to bankruptcy.
The venues, including five Texas locations in the Dallas-Fort Worth area, as well as a Minnesota venue in Woodbury, are set to reopen this summer. “We were heartbroken to hear about the franchisee’s decision to close their locations in Dallas-Fort Worth and Woodbury, MN, but we immediately got to work to acquire these as Alamo Drafthouse-owned locations,” said Alamo Drafthouse CEO Michael Kustermann. “We’re so excited to reestablish Alamo Drafthouse Cinema for our teammates and local film communities in these great cities during an incredibly successful summer of moviegoing.” Alamo Drafthouse Cinema said all affected venue staff will be made whole for lost wages that they were owed prior to the closures.
Also, employees who were let go as part of the franchisee’s closings will get first access to interviews for open positions.
Those who are rehired will receive a more robust benefits plan with immediate eligibility, including access to daily pay, substantial 401k match, paid medical leave, accrued PTO and free mental health services, according to a press release.
Read more on variety.com