The independent theater chain known for its thematic screenings in March filed for bankruptcy protection as part of a restructuring agreement that included selling assets to affiliates of Altamont Capital and Fortress Investment Group. That marked a high-profile entertainment company bankruptcy filing amid thepandemic as theatergoing returns after many major Hollywood studio releases were delayed or pushed back.
With new financing to get Alamo Drafthouse past the pandemic, the chain now plans to open a 14-screen theater at 28 Liberty in Manhattan, and separate 9-screen theaters in Washington D.C. and Arlington, Virginia. Alamo Drafthouse also plans two new theaters in St. Louis — one in the city’s Midtown district and a 10-screen theater from franchise partner St. Louis Alamo Movies, to open in Spring 2022.
“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 in a statement. “We’re so grateful to our incredible partners at Altamont and Fortress, who are completely aligned with our vision for Alamo Drafthouse’s growth. It’s incredibly exciting to be back on that path so we can bring the Alamo Drafthouse experience to new locations around the country, including our very first locations in Manhattan, St. Louis, and D.C.,” Taylor added.
Source: Entertainment Trends (entertainmenttrends.net)
This is great news!
😢What about my old one in Yonkers?
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