^ 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. At the time of bankruptcy, per court documents, Studio Movie Grill had $100K in cash.Studio Movie Grill was founded in 1993 by Brian Schultz, who served as its CEO for twenty-seven years, until April, 2021. The Dallas-based company according to reports had received a $75M investment two years ago and was expanding rapidly until the pandemic hit.

“I firmly believe in the magic of going to the theater so I hope that after a year of isolation that we start to see more and more communities going back to the movies.”īack in October, Studio Movie Grill, which then counted 33 cinemas, filed for Chapter 11 bankruptcy.

“I am honored to have the opportunity to provide three more California communities with jobs that pay fair wages, and a space for each neighborhood to come together for great cinema experiences,” said Schultz in a statement. For a limited time, moviegoers can also book private auditorium rentals for up to 50 guests for $99. Moviegoers will receive 25% off food and non-alcoholic beverages for the first 4-weeks after opening.

Alamo Drafthouse Cinema Names Arclight & Pacific Theatres Vet Kevin Holloway As Head Film Buyerĭuring the first week of business, each California Look location will offer moviegoers a preview ticket price of $5.

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