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Local News
07 July 2024

Alamo Drafthouse Theaters in North Texas Shutter Amid Bankruptcy

Bankruptcy filing forces immediate closure of five franchise locations; Corporate offices strive for a quick reopening plan

The Alamo Drafthouse Cinemas franchise in North Texas has abruptly closed its doors after its operating company, "Two is One, One is None, LLC," filed for Chapter 7 bankruptcy. This sudden move impacts five theaters spread across Richardson, Las Colinas, Denton, and the Lake Highlands and Cedars neighborhoods in Dallas. Additionally, a Minnesota location in Woodbury, overseen by the same franchisee, has also been shut down.

This announcement comes as a shock to moviegoers and employees alike, as all affected theaters have ceased operations immediately. However, the bankruptcy of "Two is One, One is None, LLC" does not affect other Alamo Drafthouse locations across Texas, which remain open for business.

The parent company of Alamo Drafthouse Cinemas has issued a statement assuring the public that they are committed to reopening the Dallas-area theaters as quickly as possible. The closure reflects broader challenges that niche cinema chains face in a competitive market, especially post-pandemic, where streaming services have significantly altered consumer viewing habits.

Such closures are tragic for local communities and cinema enthusiasts who cherish the unique movie-going experience Alamo Drafthouse provides, known for its high-quality screen projections, gourmet food offerings, and strict no-talking policy during films.

For residents of North Texas, the future reopening of these theaters may hinge on various factors, including finding new franchisees or operational restructuring. Until then, the landmark auditoriums in Richardson, Las Colinas, Denton, Lake Highlands, and Cedars remain dark, waiting for a second chance to entertain.

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