The Alamo Drafthouse Cinema Circuit Is Up For Sale
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deadline.comEXCLUSIVE: Several sources tell Deadline that the Alamo Drafthouse Cinema circuit is up for sale. The news comes about a week and a half before the major studios and exhibitors’ Las Vegas, NV love-in CinemaCon.
Some studios, I’m told, have heard the sales pitch for the cinephile circuit which counts 41 locations across 13 states. No bidders as of yet.
Also, there’s no word on what the asking price is for Alamo Drafthouse. However, the Tim League founded chain did clear $134M at the 2023 box office, +25% over 2022 per box office intel.
That’s a percentile jump which is higher than the actual domestic B.O. rise of 22% between those two years; the 2023 B.O. for U.S./Canada hitting $9 billion.
Read more on deadline.com
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