Six Alamo Drafthouse franchised locations are closing abruptly after their owner filed for bankruptcy.
The venues include five Texas locations in the Dallas-Fort Worth area, as well as a Minnesota venue in Woodbury. The theaters are operated by Two is One, One is None, LLC, which is filing for Chapter 7. The closure is effective immediately and staff has been informed that their employment has been terminated. In a message from the franchisee to employees that was circulating on social media, the owners said they lost “over $1 million” in 2023.
The closures come as the summer box office is suffering a steep decline, with major films such as “The Fall Guy” and “Furiosa” failing to connect with audiences. Hollywood has also struggled to release as many films theatrically, after enduring production shutdowns during COVID and the 2023 actors and writers strikes.
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