Get the latest gossip
Alamo Drafthouse Lays Off 15 Corporate Employees Amid Box Office Downturn
Alamo Drafthouse laid off several employees on the corporate side as well as seasonal workers in theaters.
Like all cinema circuits, Alamo Drafthouse has spent the past four years grappling with the residual effects of COVID, only to face additional setbacks from 2023’s twin labor strikes. Alamo’s corporate ownership had filed for Chapter 11 bankruptcy in 2021 as theater chains were struggling to rebound from prolonged COVID-related closures and a lack of new releases. It emerged a few months later after completing a sale to Altamont Capital Partners, with funds managed by affiliates of Fortress Investment Group LLC and Alamo Drafthouse founder Tim League.
Or read this on Variety