“We are beyond thrilled to join forces with Sony Pictures Entertainment to expand our company vision to be the best damn cinema that has ever, or will ever, exist now in ways we could only ever dream of,” said Tim League, Founder Alamo Drafthouse Cinema.

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They say all good things must come to an end, but we are hoping this theater franchise can withstand the harsh effects of the pandemic. Alamo Drafthouse, the theater chain known for its food and drink servicing options while guests enjoy a good film, is filing for Chapter 11 bankruptcy protection, according to The Hollywood Reporter. According to The Hollywood Reporter, the theater franchise is entering into a “restructuring agreement” and plans to sell assets to Altamont Capital and Fortress Investment Group. Tim League, a founder of Alamo Drafthouse and its executive chairman, will also be among the buyers, The Hollywood Reporter said. The deal will hopefully allow the theaters to survive beyond the pandemic.