Alamo Drafthouse, a beloved Texas-based theater chain known for its in-theater dining, is considering a sale. Hollywood studios were approached for interest, though the status of the talks is unclear.
Alamo Drafthouse emerged from Chapter 11 bankruptcy in 2021 under new ownership. The company had to close some underperforming venues but has since opened new locations. However, the industry still struggles to recover fully from the pandemic’s impact.
The domestic box office remains behind pre-pandemic levels, with a shortage of big-screen releases. Alamo Drafthouse’s unique dining options and strict no-talking policy have made it popular among moviegoers.
With the movie theater industry not expected to fully rebound until at least 2025, Alamo Drafthouse’s potential sale may signify a changing landscape for cinema chains.
