Dine-In Movie Chain Alamo Drafthouse Files for Bankruptcy (1)

Alamo Drafthouse Cinemas Holdings, the dine-in theater chain that offersfilms along with with food, cocktails and a strict movie-watching etiquette, filed for Chapter 11 bankruptcy on Wednesday with plans to sell itself.

Investors including Altamont Capital Partners -- which already owns 40% of the company -- and affiliates of Fortress Investment Group have agreed to buy the movie theater chain out bankruptcy and provide fresh financing, court papers show. The group bought up Alamo’s more than $100 million of debt prior to the filing.

Alamo Drafthouse Cinema New Mission in San Francisco.

Photographer: Paul Kitagaki Jr./Sacramento Bee/Tribune News Service/Getty Images

The company has more more than 40 theaters across the U.S., including in ...