'The first quarter of 2024 has been the worst performing quarter in movie-going history,' said the company that franchised the theaters in a press release.
Alamo Drafthouse theaters in North Texas are now closed.The company that franchised the theaters, Two is One, One is None, LLC, announced the news that it is filing for Chapter 7 bankruptcy.As a result, the theaters in Richardson , Las Colinas, Lake Highlands , Dallas , and Denton , and a location in Woodbury, Minnesota will close.Two is One, One is None cites a failure for people to return to theaters following COVID pandemic and the Writers' and Actors' strikes.
"We are grateful to all our employees who put in the work, day in and day out to produce a special movie-going experience and to our many loyal customers for whom it was a pleasure to provide such a special experience," they said in a news release.Any Season Pass, Victory Members and people with gift cards are asked to contact Alamo Drafthouse in Austin.The movie theaters could return, according to the movie theater chain.
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