Alamo Drafthouse Cinemas Faces Closure of North Texas Theaters Due to Franchisee Bankruptcy

Alamo Drafthouse Cinemas faces a wave of closures in North Texas as franchisee Two is One, One is None, LLC, filed for bankruptcy, leading to the shutdown of several theaters. Locations affected include Richardson, Las Colinas, Lake Highlands, Dallas, and Denton in Texas, along with one in Minnesota.

In a troubling development for over 600 employees, Two is One, One is None, LLC, and its affiliates disclosed the bankruptcy filing as a response to dwindling guest counts, decreasing franchise fees, and contractual obligations that demanded unprofitable theater locations to remain open.

The release from Two is One, One is None, LLC, expressed deep regret at the necessity of these closures, acknowledging the dedicated work of employees and the valued customers to whom they provided a unique movie experience.

An Alamo Drafthouse spokesperson hinted that the closures might not mark the end of the chain’s presence in North Texas. They stated their intent to expedite the reopening of Alamo Drafthouse Cinemas in the affected cities, underscoring ongoing operations at other locations and expansion plans nationwide.

The closures dealt a significant blow to North Texas movie lovers and the local film communities. The parent company of Alamo Drafthouse Cinemas revealed its disappointment in the franchisee’s abrupt bankruptcy filing and committed to restarting operations in the closed theaters as soon as feasible.