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Alamo Drafthouse Cinema Is Reportedly Wanting For a Purchaser

Nostalgic movie show chain, Alamo Drafthouse, is reportedly purchasing for a purchaser.

In accordance with Selection citing two nameless sources, the Texas-based chain has approached “a number of Hollywood studios” to presumably buy the corporate.

Alamo Drafthouse is well-liked amongst moviegoers for being one of many first chains to supply in-theater eating whereas watching a film, providing native draft beers, craft cocktails, and an in depth meals menu.

Associated: Report: Amazon Eyeing Buy of AMC Theaters

The corporate filed for Chapter 11 chapter safety amid the pandemic in March 2021 however emerged later that yr in June 2021 after being offered to Altamont Capital Companions.

Although the corporate shuttered its Phoenix location and different “underperforming” venues in the course of the pandemic, it has since opened 5 new theaters in main cities together with Washington, D.C., and Chicago.

“We’re so thrilled to be reopening theaters throughout the nation and welcoming again audiences for an unparalleled moviegoing expertise with movies we have been eagerly awaiting for over a yr now,” stated Alamo Drafthouse CEO Shelli Taylor on the time. “It is extremely thrilling to be again on that path so we are able to carry the Alamo Drafthouse expertise to new areas across the nation.”

In accordance with Deadspin, the top-performing areas final yr have been positioned in Brooklyn (New York), Downtown L.A. (California), Springfield (Missouri), Manhattan (New York), Raleigh (North Carolina), and Austin (Texas).

Alamo at the moment has 41 theaters throughout 13 U.S. states.

Associated: Tesla Cleared to Construct a Drive-In Film Theater With All-Night time Diner

Alamo Drafthouse introduced in $134 million final yr on the field workplace, a 25% improve from the identical time the yr prior.

Neither supply specified how a lot the chain is looking for for a sale. Thus far, there haven’t but been any public bidders.

Alamo Drafthouse didn’t instantly reply to Entrepreneur’s request for remark.

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