Alamo Drafthouse files for bankruptcy, closes 3 locations

[An4h0ny]

Alamo Drafthouse files for bankruptcy, closes 3 locations

However, in addition to the bankruptcy filing and asset purchase, the company has announced the closure of three Alamo Drafthouse locations. The Austin-based company had grown from a boutique cinema outfit to a nationwide chain with over 40 theaters, with plans to open several more locations before the COVID-19 pandemic hit. Alamo Drafthouse will close its theaters in Kansas City, Missouri and New Braunfels, Texas, as well as its downtown Austin location, the Ritz. The latter, situated on rowdy 6th street, was already struggling financially for quite some time pre-pandemic. Still, it was a destination location for many cinephiles with its repertory screenings of 35mm films, its ability to screen 70mm films (including new Quentin Tarantino titles), and its special events with Mondo and visiting filmmakers. With just two screens, there was something intimate and classic about the Ritz, which was—until now—the company’s oldest original location.