How Alamo Drafthouse Battled Back From Bankruptcy

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Alamo Drafthouse would like you to know that reports of its death have been greatly exaggerated. In March, the fan-favorite dine-in cinema chain triggered convulsions of Twitter agony with the announcement it was filing for Chapter 11 bankruptcy and shuttering money-losing locations in Kansas City, Missouri, and both Austin and New Braunfels in Texas.

Above and beyond a certain hive-mind misunderstanding of Chapter 11 — which restructures a company’s debt as opposed to triggering the kind of fire sale on the courthouse steps more commonly associated with Chapter 7 bankruptcy — Alamo’s actions were read as the latest harbingers of doom for theatrical moviegoing.

Source: How Alamo Drafthouse Battled Back From Bankruptcy