This beloved cinema chain has just filled a bankruptcy
You will have to say goodbye at this most emblematic place of this theater and some others.
Without any way to provide an option to take away and withScheduled locations For most of the pandemic, movie theaters have seriously had trouble over the past year. Even with selected locations now open, cinema theaters work with limited capacity with few interested customers because many people are still looking forward to being inside with strangers for a few hours without the ability to crack a window . Some movie cinema chains and independent theaters had to file a bankruptcy andshut down. Now another beloved cinema chain, Alamo Drafthouse, has deposited for bankruptcy and has announced that they will closing a handle of locations. Continue reading to see if your local Alamo closes and for another iconic company, stop well, checkThis beloved chain closes all its stores.
Despite the deposit of the bankruptcy, most of the locations Alamo Drafthouse will continue to operate.
On March 3, the associated press (AP) reported that Alamo Drafthouse filed forChapter 11 Protection against bankruptcy, citing financial difficulties related to the Pandemic of Covid. The movie theater chain is loved by cinephiles for its dinner service and its events centered on the Cinefile.
The Company is planned to sell most of its assets to Affiliates of Altamont Capital and Fortress Investment Group. Most theaters can continue to operate as the company begins to pay lenders. While most of the 41 chain locations can stay open, you will have to say goodbye to some Alamo de Drafthouse's theaters. To see if your favorite store closes its doors, checkThis popular clothing store closes at least 200 locations.
Three locations Alamo Drafthouse will have to close, including the most emblematic of the chain.
In the new agreement, the Ritz of Drafthouse Alamo in downtown Austin, Texas; New Braunfels, Texas Location; And the city of Kansas, the Missouri Theater will close permanently, according to the AP.
On March 3, Alamo Drafthouse published a post mourning blog The Ritz, which was the site of many special events over the last decade. "It's hard to imagineAlamo Drafthouse without the Ritz. In the last twelve and a half years, the Ritz represented what could be the theaters of Alamo Drafthouse, "the statement read". Post-Covid, we will make sure that our whole series of signatures will find a new house in another Drafthouse Austin Alamo cinema and that the spirit and personality of the Ritz will continue. To see another store, you must say goodbye, checkThis iconic store closes all its American pitches.
Alamo Drafthouse is not the only cinema cinema chain to feel the pressure of the pandemic.
Many of the largest movie cinema channels in the United States have faced similar recipients like Alamo Drafthouse. In October,Regal announced that it would closing All American locations. And January,AMC avoided bankruptcy After obtaining a new financing. Meanwhile, small local theaters also continue to suffer that moviegoers remain fearful of the virus. And for more news from COVID closure, sent directly to your inbox,Sign up for our daily newsletter.
The movie industry in general has been corrected by Covid.
In addition to the government stops that have maintained empty theaters for a large part of the reluctance of 2020 and moviegoers to visit open theaters, one of the biggest obstacles of movie theaters to overcome is the lack of new movies to play. Because of the pandemic,The cinema studios have postponed Major communiqués,Set of sets, Wherereleased from blockbusters directly to the video on request and streaming services.
From the spring, it became clear that studios did not need film theaters to survive. CEO of NbuniversialJeff ShellRecountTheThe Wall Street newspaperIn April, because of the success ofTrolls World Tour on requests paid on request (PVOD), universal planned forFree movies on Pvod and theatersgo forward. Then, in December, Warner Bros. Announced that all of its big movies for 2021 would be released simultaneously on the HBO HBO Max streaming service as well as in the theaters, which was another important breath for movie channels. However, with More people getting vaccinations Hope is that things could soon turn around for film theaters and other poorly struck enterprises in the middle of the pandemic. And for another brand in the same boat, check that Chain of popular accessories has just filed bankruptcy .
