iPic Theaters Faces Bankruptcy, Pushing Sale as Luxury Cineplex Market Slows
TL;DR
Luxury theater chain iPic Theaters files for Chapter 11 bankruptcy protection, citing declining ticket sales and unfavorable box-office splits with studios, and is pursuing a court-supervised sale; the company plans mass layoffs and warned that additional theaters could close if a buyer cannot be found.
- Luxury Movie Theater Chain iPic Files for Bankruptcy The Hollywood Reporter
- Luxury Movie Theater Chain IPic Files For Chapter 11 Bankruptcy Protection Deadline
- Luxury dine-in theater chain, famed for chef-driven food and drinks, files for bankruptcy AL.com
- N.J. dine-in movie theater to close, lay off 97 workers NJ.com
- Posh Eastside movie theater known for waiter service and comfy seats to close The Seattle Times
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