Texas-based cinema chain Alamo Drafthouse is the latest theater group to file for Chapter 11 bankruptcy.
Texas-based cinema chain Alamo Drafthouse is the latest theater group to file for Chapter 11 bankruptcy protection. The filing comes as part of an asset purchase agreement with Altamont Capital Partners and affiliates of Fortress Investment Group. Operations will continue normally as Alamo Drafthouse goes through the Chapter 11 process, which will give it the capital it needs to survive the ongoing coronavirus pandemic.
