Alamo Drafthouse Explores Sale
variety.comRebecca Rubin Film and Media Reporter Alamo Drafthouse, the Texas-based theater chain that’s popular for its in-theater dining and fan-forward approach to moviegoing, is exploring a sale.
Several Hollywood studios were approached to assess their interest in buying the company, according to two sources. It’s unclear if the talks are ongoing or how close the company is to a potential acquisition.
A representative for Alamo Drafthouse Cinemas declined to comment. 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.
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