Those seeking a cheap alternative to expensive movie theaters have one less option to choose from in Chapel Hill.
The Ram Triple movie theater on Rosemary Street closed its doors Thursday after 20 years of service.
Carmike Cinemas, the company that managed the Ram Triple, has closed several area theaters over the past few months.
Carmike is cutting back to recover losses caused by an increase in multi-screen, stadium-style theater construction. The theaters have become popular across the nation, although there are none in the Chapel Hill area.
Susan Brown, spokeswoman for Carmike, said the Ram Triple closed as part of Carmike's bankruptcy proceedings.
"It was just in Carmike's economic interests to close the Ram Triple," she said.
But she said she could not comment further on the company's financial situation because of legal restrictions.
Adrienne Kovacik, a UNC sophomore from Raleigh, said she is disappointed that the theater is closing.
"My life is over," she said. "(Ram Triple) seemed like it would always be around. It was a staple."