"Studio Movie Grill Cinema Chain Files For Chapter 11 As Exhibitors Stagger Under COVID-19 Woes". "Hammered by the pandemic, Studio Movie Grill declares bankruptcy". "Studio Movie Grill, a theater dining chain, set to open in Glendale's arts district". " 'Visionary' behind the scene of Dallas-based Studio Movie Grill went off the script". ^ a b "Studio Movie Grill Emerges from Chapter 11, Names Ted Croft As New CEO".
The headquarters were previously in a 16,600-square-foot (1,540 m 2) area in another building, but moved in 2016. The headquarters is in 20,200 square feet (1,880 m 2) of office space in the Hidden Grove office building in North Dallas. Longtime CFO and COO Ted Croft also became the chain's new CEO after navigating Studio Movie Grill through the pandemic, in which many of its locations stayed open for food delivery orders, and securing funding in a new equity deal.
In April 2021, the company announced that they had emerged from bankruptcy. The company's cash reserves are low due to losses caused by the COVID-19 pandemic. In October 2020, Studio Movie Grill filed for chapter 11 bankruptcy protection. As of 2019, Studio Movie Grill has locations in 10 states consisting of over 300 screens. The concept evolved into the Studio Movie Grill chain. The company originated with the opening of the Granada Prestonwood in Addison, Texas, which featured five screens with private luxury boxes and valet parking. Picture Show's theaters in Mesa and Prescott remain open.Studio Movie Grill was founded in 1993 by Brian Schultz, who served as its CEO for twenty-seven years, until April, 2021. The mall is set to be demolished, potentially as early as the spring, to build a multi-use development with housing, office space, a grocery store, restaurants, and retail. Picture Show Entertainment closed its theater at Paradise Valley Mall in January after being there for 10 years. Some of its other locations remain open, according to its website. Prior to the closure, the movie theater was undergoing a remodel.ĭallas, Texas-based Studio Movie Grill filed for Chapter 11 bankruptcy protection in October. The Scottsdale location initially closed last spring when movie theaters in Arizona were ordered to shut down but ultimately did not reopen. PHOENIX - Studio Movie Grill in Scottsdale and Picture Show at Paradise Valley Mall have permanently closed.Ī spokesperson for Studio Movie Grill, a chain of dine-in movie theaters, confirmed to ABC15 on Thursday that the Scottsdale theater - its the only location in Arizona - had permanently closed.
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