AUSTIN (1080 KRLD)- The Austin-based theater chain has filed for Chapter 11 bankruptcy.
The company operates around 40 locations across the country. Several locations in the Dallas-Fort Worth area have been closed due to the pandemic. The chain is also being sold.
KRLD's business analyst David Johnson says, "They'll continue to exist in some form. That's sort of the ways these companies are remaking themselves. But, it's without the leadership that got them there."
The company says the Alamo Drafthouse Ritz in downtown Austin and locations in New Braunfels and Kansas City, Missouri, will be closed.




