City Altamont Showbiz Latest News and Updates

No Rival Bids Received for Alamo Drafthouse, Clearing Way for Fortress Takeover - variety.com
variety.com
26.04.2021

No Rival Bids Received for Alamo Drafthouse, Clearing Way for Fortress Takeover

Gene Maddaus Senior Media WriterA bankruptcy auction for the Alamo Drafthouse theater chain has been canceled, after no rival bids were received for the company.The cancelation clears the way for Fortress Investment Group and Altamont Capital to take control of the company, in a deal that also includes Alamo Drafthouse co-founder Tim League.Alamo Drafthouse Cinema filed for bankruptcy on March 3, among a wave of theater chains that have gone under due to the pandemic.

Alamo Drafthouse Files for Chapter 11 - www.hollywoodreporter.com - state Delaware
hollywoodreporter.com
03.03.2021

Alamo Drafthouse Files for Chapter 11

Alamo Drafthouse, the independent theater chain known for its thematic screenings, fan-focused atmosphere and in-cinema food and drink options, is filing for Chapter 11 bankruptcy protection, according to a filing in Delaware Bankuptcy Court. As part of the deal, Alamo is entering into a restructuring agreement, in which it will sell assets to affiliates of Altamont Capital and Fortress Investment Group.

Alamo Drafthouse Files for Chapter 11, Announces Sale to Altamont Capital, Fortress Investment - variety.com - Texas
variety.com
03.03.2021

Alamo Drafthouse Files for Chapter 11, Announces Sale to Altamont Capital, Fortress Investment

Brent Lang Executive Editor of Film and MediaAlamo Drafthouse Cinema, the Texas-based theater chain that has become a favorite with cinephiles for it dine-in service and fan-forward approach to exhibition, has filed for Chapter 11. The bankruptcy filing comes as part of an asset purchase agreement with Altamont Capital Partners, a previous investor in the company, as well as affiliates of Fortress Investment Group, a new backer.

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