Alamo Drafthouse Cinema files for Chapter 11 bankruptcy

Texas-based theater chain, Alamo Drafthouse, has filed for Chapter 11 bankruptcy. The filing comes along with an asset purchase agreement with Altamont Capital Partners, a previous investor in the company. A new backer, Fortress Investment Group, and its affiliates are...

Movie theater owners fearful of minimum wage increase

Congress is in the midst of pushing a new COVID-19 stimulus package and part of that package includes a federal minimum wage increase. The minimum wage has remained at $7.25 since 2009, depending on your state, and movie theater owners...

Regal Cinemas hopes to reopen U.S. locations by March

Regal Cinemas, which is one of the largest movie theater chains in the U.S., is hoping to get its locations in the U.S. up and running by March. The chain shut down again in October of 2020 after briefly reopening...

Tom Hanks thinks the MCU & other franchises will save movie theaters

The COVID-19 pandemic has crippled the moviegoing experience and, in its wake, has made streaming the new normal for consuming content. While some theaters have reopened, many huge markets remain shuttered and studios are either shifting releases for their films...
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