Alamo Drafthouse Cinemas Files for Bankruptcy, Seeks Buyer

Alamo Drafthouse Cinemas Files for Bankruptcy, Seeks Buyer
Gabriel Luna (L) and Robert Rodriguez attend the "Terminator: Dark Fate" Screening at the Alamo Drafthouse Cinema Slaughter Lane in Austin, Texas, on Oct. 29, 2019. Gary Miller/Getty Images
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AUSTIN, Texas—Alamo Drafthouse Cinemas, a Texas-based dine-in theater chain, said Wednesday that it has filed for bankruptcy due to financial woes during the pandemic.

The company plans to find a buyer during its Chapter 11 bankruptcy, which allows it to continue operating while its managers and advisers work on repaying creditors.