Luxury Movie Theater Chain iPic Files for Bankruptcy
iPic Theaters never fully recovered after emerging from bankruptcy in 2019. It pointed to drops in theater attendance and a not-so-viable arrangement with studios on box office splits.
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Luxury Movie Theater Chain IPic Files For Chapter 11 Bankruptcy Protection
Luxury movie theater operator iPic Theaters has filed for Chapter 11 bankruptcy reorganization, planning to sell its assets but vowing to try to return to operating after a restructuring. Pending “a process to maximize value to all creditors,” the company will continue to operate and conduct business during what it called an “expedited sale process” […]
By Dade Hayes
Read full article →Movie Theater Chain iPic Files for Bankruptcy
iPic Theaters, a cinema chain that specializes in dine-in service, has filed for bankruptcy protection for a second time. The company is pursuing a sale through Chapter 11 in Florida federal court as it grapples with lighter attendance and declining ticket sales. iPic says operations will continue as normal, though the circuit warned employees of […]
By Rebecca Rubin
Read full article →Luxury Movie Theater Chain iPic Files for Bankruptcy
iPic Theaters never fully recovered after emerging from bankruptcy in 2019. It pointed to drops in theater attendance and a not-so-viable arrangement with studios on box office splits.
By Winston Cho
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