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Alamo Drafthouse Explores Sale
Alamo Drafthouse, the movie theater chain that's become a favorite among cinephiles, is exploring a sale.
Alamo Drafthouse Cinemas filed for Chapter 11 bankruptcy in early 2021, as theater chains were struggling to rebound from prolonged COVID-related closures and a lack of new product. It emerged in June of 2021 after completing a sale to Altamont Capital Partners, with funds managed by affiliates of Fortress Investment Group LLC and Alamo Drafthouse founder Tim League. Alamo Drafthouse is known for its extensive in-theater dining options, offering patrons a from-scratch food menu, local beers on draft and craft cocktails, all brought to seated guests by stealthy servers trained to not disrupt the movie experience.
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