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variety.com
No Rival Bids Received for Alamo Drafthouse, Clearing Way for Fortress Takeover
Gene Maddaus Senior Media WriterA bankruptcy auction for the Alamo Drafthouse theater chain has been canceled, after no rival bids were received for the company.The cancelation clears the way for Fortress Investment Group and Altamont Capital to take control of the company, in a deal that also includes Alamo Drafthouse co-founder Tim League.Alamo Drafthouse Cinema filed for bankruptcy on March 3, among a wave of theater chains that have gone under due to the pandemic. Studio Movie Grill and Cinemex have also declared bankruptcy, and earlier this month Pacific Theatres, which owns Arclight Theatres, announced that it would not reopen.Alamo Drafthouse went bankrupt after being unable to renegotiate $105 million in debt.
Alamo Drafthouse Gene Maddaus-Senior pandemic record Waves
hollywoodreporter.com
Alamo Drafthouse Files for Chapter 11
Alamo Drafthouse, the independent theater chain known for its thematic screenings, fan-focused atmosphere and in-cinema food and drink options, is filing for Chapter 11 bankruptcy protection, according to a filing in Delaware Bankuptcy Court. As part of the deal, Alamo is entering into a restructuring agreement, in which it will sell assets to affiliates of Altamont Capital and Fortress Investment Group.
state Delaware Entertainment pandemic vaccine
variety.com
Alamo Drafthouse Files for Chapter 11, Announces Sale to Altamont Capital, Fortress Investment
Brent Lang Executive Editor of Film and MediaAlamo Drafthouse Cinema, the Texas-based theater chain that has become a favorite with cinephiles for it dine-in service and fan-forward approach to exhibition, has filed for Chapter 11. The bankruptcy filing comes as part of an asset purchase agreement with Altamont Capital Partners, a previous investor in the company, as well as affiliates of Fortress Investment Group, a new backer.
Brent Lang Texas film stage pandemic
Celebrities
Matty Healy
357
Why Taylor Swift name-drops Charlie Puth on ‘The Tortured Poets Department’
Poetic justice — Taylor Swift spills bad blood on ‘The Tortured Poets Department’: review
Joe Alwyn
252
Poetic justice — Taylor Swift spills bad blood on ‘The Tortured Poets Department’: review
10 times Taylor Swift seemingly sinks her pen into ex Joe Alwyn on ‘The Tortured Poets Department’
Taylor Swift
2177
Poetic justice — Taylor Swift spills bad blood on ‘The Tortured Poets Department’: review
10 times Taylor Swift seemingly sinks her pen into ex Joe Alwyn on ‘The Tortured Poets Department’
all celebs
Locations
Britain
22403
Watch the dramatic trailer for Taylor Swift’s ‘Fortnight’ music video with Post Malone
Taylor Swift fans spot hidden 'proof' that new album is about Loose Women star's son
Spain
3508
Telemundo Chairman Luis Fernandez Hires The Mediapro Studio Exec Javier Pons, Ups Ronald Day at Streamlined Telemundo Studios (EXCLUSIVE)
Manchester United 'identify three-man right-back summer shortlist' and other transfer rumours
France
5462
Man arrested in Stockport as part of group 'smuggling 50 people into UK'
‘The Three Musketeers – Part II: Milady’ Review: Eva Green Surprises in French Blockbuster’s Less-Than-Faithful Finale
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Police continue enquiries into deliberate blaze outside Toryglen flat
Police are continuing enquiries into a deliberate blaze outside of a flat in Toryglen.
Jada Pinkett Smith and Valentina Ferrer support Will Smith and J Balvin at Coachella
J Balvin’s Coachella set, the festival witnessed an unforgettable nostalgia-filled moment when Will Smith made a surprise appearance. The 55-year-old actor, known for his roles in blockbuster hits like “Men in Black,” stunned fans by emerging onstage dressed in character as Agent J from the iconic film franchise.As the familiar beats of “Men in Black” reverberated through the festival, the audience was treated to a remarkable sight: Smith and J Balvin, side by side, delivering a dynamic rendition.However, it wasn’t just Smith’s onstage presence that captivated the audience; his family’s attendance added an extra layer of excitement to the moment.
Shoppers rush to buy 'brilliant' £40 garden storage solution as price drops below B&Q and The Range
For those seeking to organise their green haven in preparation for the blooming season, consider Wowcher's enticing garden storage solution.This nifty black storage box with a 320-litre capacity, initially priced at £90, is now unbelievably available for just £38.99, offering a remarkable saving of more than £50.The storage box boasts an impressive array of features, including a lockable lid for securing valuables, a gorgeous wooden fence panel effect, handles for effortless transportation, and weather-resistant material, ensuring its durability throughout the seasons. Moreover, the box, measuring approximately 117 x 54 x 51 cm, arrives flat-packed for easy assembly at your convenience.
Eva Mendes cheers Ryan Gosling’s hilarious ‘SNL’ Cuban skit
Ryan Gosling the way Eva Mendes does! Recently, the heartthrob actor known for his roles in “Barbie,” “La La Land” and “The Notebook,” took the stage as host of Saturday Night Live. However, it wasn’t just Gosling’s comedic timing that stole the show; it was a particular sketch that made Mendes and Latino fans super proud.In an Instagram post, Mendes, of Cuban descent, shared a snippet from Gosling’s SNL appearance.
HBO, Bad Wolf Developing ‘Succession’-Level Series On Flamboyant Art Fraudster Inigo Philbrick
EXCLUSIVE: HBO is teaming up with Doctor Who producer Bad Wolf to develop a series about Inigo Philbrick, the flamboyant art dealer jailed for committing more than $86M in fraud.
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