Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Movie

Alamo Drafthouse Hit With Company-Wide Layoffs

rmtsa by rmtsa
January 14, 2025
in Movie
0
Alamo Drafthouse Hit With Company-Wide Layoffs
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

The 10 Darkest Netflix TV Shows

Why Captain Triumph Could Be Peacemaker Season 2’s Real Villain

Famed Japanese Critic Shiguehiko Hasumi Curates New York Showcase

Alamo Drafthouse has become the latest media company to endure a round of layoffs.

The popular theater chain had company-wide downsizing on Tuesday.

The move comes seven months after Alamo was acquired by Sony Pictures Entertainment. The Austin-based company operates 35 cinemas across 25 metro areas.

Sources say the layoffs were in two areas. On the corporate side, nine percent of employees (15 in total) were let go as a part of restructuring “to ensure a more effective business.” On the store side, an unspecified number of employees were laid off ahead of what Alamo expects to be a slow few months at the box office. One insider described most of these layoffs as seasonal part-timers, part of an annual culling of staff following a busy holiday season and ahead of a traditionally sluggish first quarter. But some employees on Reddit claim this time is rather different, with up to 30 people being let go per location.

“Alamo Drafthouse Cinema just laid off a bunch of employees across the whole company with zero notice or precedent in the name of the upcoming season being slow and, in some cases, ‘corporate restructuring,’” wrote one employee on Reddit. “Apparently over 30 people at my location will lose their jobs.”

While the next few months are expected to have a dearth of high-grossing titles (with the notable exception of next month’s Marvel entry, Captain America: Brave New World), the summer is widely expected to have plenty of hits (such as Superman, Mission: Impossible – The Final Reckoning, The Fantastic Four: First Steps, Jurassic World Rebirth, and the live action version of How To Train Your Dragon). Some laid-off Alamo employees say they were told to try re-applying for their jobs in the spring.

The layoffs are described as an Alamo decision, not a mandate from Sony. Alamo has recently pointed out that the company had a strong 2024 compared to other exhibitors and is expanding at a time of industry contraction. It recently announced two new cinema locations in San Francisco.

Sony’s purchase of Alamo in July marked the first time a Hollywood studio has owned a theater chain in more than 75 years. The move followed Alamo filing for Chapter 11 bankruptcy protection in 2021, when it was still reeling amid the COVID-19 pandemic. Altamont Capital, Fortress Investment Group and Tim League emerged as its owners post-bankruptcy, who in turn sold the chain to Sony.

Alamo was founded in 1997 by Tim and Karrie League as a single-screen mom-and-pop repertory theater in Austin, Texas, and has grown into a thriving and dynamic dine-in cinema chain that is rather beloved by its fans and the industry alike. Even though Alamo ranks as North America’s seventh-largest theater chain, Alamo screens a very diverse slate, with more movies per year than any other theater chain. Alamo welcomes over 10 million guests annually.

Alamo and Sony had no comment.



Source link

Tags: AlamoCompanyWideDrafthouseHitlayoffs
Share30Tweet19
rmtsa

rmtsa

Recommended For You

The 10 Darkest Netflix TV Shows

by rmtsa
October 3, 2025
0
The 10 Darkest Netflix TV Shows

When you sit down on your couch or curl up in your bed to spend a couple hours scrolling on Netflix, chances are you’re looking for something light,...

Read more

Why Captain Triumph Could Be Peacemaker Season 2’s Real Villain

by rmtsa
October 3, 2025
0
Why Captain Triumph Could Be Peacemaker Season 2’s Real Villain

John Cena’s titular character in Peacemaker Season 2 may have to fight one final villain in the upcoming Episode 8. The penultimate chapter of the sequel installment saw...

Read more

Famed Japanese Critic Shiguehiko Hasumi Curates New York Showcase

by rmtsa
October 3, 2025
0
Famed Japanese Critic Shiguehiko Hasumi Curates New York Showcase

At age 89, Shiguéhiko Hasumi, the critic and theorist long regarded as Japan’s greatest living film scholar, is finally making what amounts to his U.S. debut. Later this...

Read more

/r/movies Giveaway – 300+ Free Tickets to a Special Pre-Screening of ‘Bugonia’ on Wednesday 10/22 in NYC & LA (AMC Lincoln Square & AMC The Grove)

by rmtsa
October 3, 2025
0
/r/movies Giveaway – 300+ Free Tickets to a Special Pre-Screening of ‘Bugonia’ on Wednesday 10/22 in NYC & LA (AMC Lincoln Square & AMC The Grove)

Focus Features is offering r/movies (and other related communities) users over 300 free tickets to a special advanced screening of Yorgos Lanthimos' Bugonia, ahead of its regular release....

Read more

Trailer For Apple TV+ Doc Series MR. SCORSESE About The Legendary Filmmaker — GeekTyrant

by rmtsa
October 3, 2025
0
Trailer For Apple TV+ Doc Series MR. SCORSESE About The Legendary Filmmaker — GeekTyrant

Apple TV+ has dropped the official trailer for its upcoming 5-part documentary series Mr. Scorsese, and it looks like an essential watch for film lovers. Coming from award-winning...

Read more
Next Post
What Hallmark Stars Have Said About Their Contracts

What Hallmark Stars Have Said About Their Contracts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • R&CPMK To Undergo Restructuring As Part Of Parent IPG’s Cost-Savings Plan
  • Our First Look At The Predator: Badlands Official Prequel
  • Cardi B Slams Nicki Minaj’s ‘Backhanded Apology’ To Daughter Kulture

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In