After 6 different Alamo Drafthouse locations closed due to the franchise company responsible for them declaring bankruptcy, all those theaters are reopening now under the ownership of the main Alamo Drafthouse brand. The six theaters, including one in Minnesota and the other five all in the Dallas-Fort Worth area, closed immediately at the start of June when franchisee Two Is One, One Is None, LLC, declared Chapter 7 bankruptcy, forcing 600 employees to lose their jobs. Now weeks later, Alamo is buying back those locations and plans to reopen each of them in rapid succession.
Not coincidentally, Sony Pictures Entertainment in a landmark move bought Alamo Drafthouse and had been looking to expand, and clearly the company’s new ownership allowed for some greater financial flexibility to do just that and buy back up the shuttered theaters. “We were heartbroken to hear about the franchisee’s decision to close their locations in Dallas-Fort Worth and Woodbury, MN, but we immediately got to work to acquire these as Alamo Drafthouse-owned locations,” said Alamo Drafthouse CEO Michael Kustermann. “We’re so excited to reestablish Alamo Drafthouse Cinema for our teammates and local film communities in these great cities during an incredibly successful summer of moviegoing.
” Alamo will also offer those fired the first crack at interviews for open positions, and those who are rehired will get a more robust benefits plan with immediate eligibility, including access to daily .