Alamo Drafthouse Theaters in North Texas Closed

All five Alamo Drafthouse theaters in North Texas have closed their doors. Two is One, One is None, LLC, the company that franchised these theaters, announced on Thursday that it is filing for Chapter 7 bankruptcy.

The closures affect theaters in Richardson, Las Colinas, Lake Highlands, Dallas, and Denton, as well as a location in Woodbury, Minnesota. The company cited several factors for the closures, including a significant drop in movie-goers returning post-COVID-19 pandemic, ongoing writers’ and actors’ strikes, high franchise fees, and contractual obligations that forced it to keep unprofitable locations open.

In a press release, the company expressed its regret over the decision, stating, “Industry-wide economic performance was severely down in the fourth quarter of 2023 and in the first quarter of 2024. In fact, the first quarter of 2024 has been the worst performing quarter in movie-going history.”

The Alamo Drafthouse corporate office expressed disappointment over the closures but noted that the affected locations could potentially reopen soon. This closure news came as a surprise to Richardson city leaders, who learned about it on Thursday, just like the general public. Earlier this year, the city awarded the Richardson location $400,000 to renovate and help stimulate growth in the surrounding area.

Despite the setbacks, there remains a glimmer of hope for the future. The possibility of reopening these beloved theaters suggests that while the immediate outlook is grim, the Alamo Drafthouse experience may not be gone forever for North Texas residents.

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