Entertainment

Alamo Drafthouse to Reopen 6 Recently Closed Theaters

After 6 different Alamo Drafthouse locations closed due to the bankruptcy of the franchise company responsible, all of these theaters are now reopening under the ownership of the master Alamo Drafthouse brand.

The six theaters, including one in Minnesota and five in the Dallas-Fort Worth area, closed immediately in early June when Two Is One franchisee One Is None, LLC, declared bankruptcy, forcing 600 employees to lose their jobs. Now, a few weeks later, Alamo is buying the locations and plans to reopen each one in turn.

It’s no coincidence that Sony Pictures Entertainment, in a historic move, purchased Alamo Drafthouse and was looking to expand, and it’s clear that the company’s new ownership allowed for greater financial flexibility to do just that and buy back closed cinemas.

Alamo Drafthouse to Reopen 6 Recently Closed Theaters
Alamo Drafthouse Los Angeles

“We were heartbroken to learn of the franchisee’s decision to close its Dallas-Fort Worth and Woodbury, Minnesota locations, but we immediately got to work acquiring them as Alamo Drafthouse-owned locations said Michael Kustermann, CEO of Alamo Drafthouse. “We are very excited to bring Alamo Drafthouse Cinema back to our teammates and local cinema communities in these great cities during an incredibly successful summer of cinema.”

Alamo will also offer those who are laid off priority for interviews for open positions, and those who are rehired will receive a more robust benefits plan with immediate eligibility, including access to daily pay, a substantial 401k match, paid medical leave, accrued paid time off and free mental health services.

Alamo Drafthouse will host a soft opening during the first week of each location’s reopening with promotions and discounts to be announced. Any customers who pre-purchased tickets for this month’s movie releases and were unable to do so will now receive free ticket vouchers, and those who previously purchased merchandise like a “Deadpool & Wolverine” pint or an “Inside Out 2” lunch box will now receive those items upon reopening.

Sony’s acquisition of Alamo was a major shock to the film industry, with a movie studio now directly owning a small but significant chain of theaters in the United States. This deal had already taken place before the repeal of the Paramount decrees, but studio ownership of movie theaters had been on a very small scale until then. Sony, for its part, opened up the operation of Alamo within a new division of SPE.

What Sony intends to do with Alamo is still a mystery, with the possibility that some of Sony’s Crunchyroll anime could be released there more. More likely, IndieWire recently suggested that it could be a lab to test innovative theatrical ideas.

Gn entert
News Source : www.indiewire.com

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