Alamo Draft House files for Chapter 11 bankruptcy

[Jello Biafra]

Relevant parts of the article:

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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. The company says that operations will continue as normal and the Chapter 11 process and sale will give it the capital it needs to continue operating as it emerges from a public health crisis that left many of its locations closed for months. The agreement involves “the sale of substantially all its assets.”

Founder Tim League will remain involved with the company and is among the lender group buying the assets. League became the company’s executive chairman in April, with Shelli Taylor, a former Starbucks executive, assuming the role of CEO. Alamo Drafthouse runs roughly 40 locations and is headquartered in Austin, Texas.

As part of the bankruptcy, Alamo Drafthouse will close down a few underperforming locations and restructure its lease obligations. The company is requesting that the bankruptcy court approve a 75-day timeline for the transaction process and the $20 million debtor-in-possession credit facility led by Altamont and Fortress.

 

[Smashius Clay]

Not surprised, they didn't open any of their locations that allowed cinemas to open up with social distancing.

Will be sure to support them when/if they do open back up here. Dope movie-going experience.

 

[Lootpack]

This one.......this one hurts.

 

[Jello Biafra]

I want to know which locations they will be closing. One of my mini-trips I planned to take once the world opens back up is to VA to visit family and while I'm there check out one of the Alamo theaters there.
Be pissed if they shut down the one closest to where my relatives live.

 

[Lootpack]

I want to know which locations they will be closing. One of my mini-trips I planned to take once the world opens back up is to VA to visit family and while I'm there check out one of the Alamo theaters there.
Be pissed if they shut down the one closest to where my relatives live.

They better not close the Loudoun one...

 

[Joe Sixpack]

This one.......this one hurts.

Please don’t close the Yonkers one

They had the best food I loved going there. Even the Coming Attractions were different and retro

Those Chocolate Chip cookies were so warm and that Brown Sugar Lemonade

fukk!!!!

 

[Saysumthinfunnymike]

theaters done..

 

[Lootpack]

Please don’t close the Yonkers one

They had the best food I loved going there. Even the Coming Attractions were different and retro

Those Chocolate Chip cookies were so warm and that Brown Sugar Lemonade

fukk!!!!

Last time I was there was for a True Detective screening but I loved the hell out of those pre-shows. Just the sheer randomness of those clips they played were entertaining.

 

[SCJoe]

End of a era for real.

 

[radio rahiem]

Please don’t close the Yonkers one

They had the best food I loved going there. Even the Coming Attractions were different and retro

Those Chocolate Chip cookies were so warm and that Brown Sugar Lemonade

fukk!!!!

I was in the neighborhood recently and saw that it was boarded up. Thought it was a fire. But as it turns out...

 

[Joe Sixpack]

I was in the neighborhood recently and saw that it was boarded up. Thought it was a fire. But as it turns out...

Goddam man

 

[OmegaK2099]

 

[FaTaL]

Not surprised, they didn't open any of their locations that allowed cinemas to open up with social distancing.

Will be sure to support them when/if they do open back up here. Dope movie-going experience.

how?

 

[Lootpack]

how?

Could order food and drinks during the movie, always had some sort of cult classic playing or events for all different kinds of indie films, actually kick loud mothafukkas out of theaters, had great programming prior to start of movies whether it’d be old commercials, toy ads, or cartoons (usually in relation to the movie that you’re going to see).

I went to go see IT and they were playing some Indian movie with a killer clown before the show started.

 

[radio rahiem]

Could order food and drinks during the movie, always had some sort of cult classic playing or events for all different kinds of indie films, actually kick loud mothafukkas out of theaters, had great programming prior to start of movies whether it’d be old commercials, toy ads, or cartoons (usually in relation to the movie that you’re going to see).

I went to go see IT and they were playing some Indian movie with a killer clown before the show started.

the food they served was glorious (for a movie theater)
booze was cool too