At the time of bankruptcy, per court documents, Studio Movie Grill had $100K in cash.
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. Picture Show's theaters in Mesa and Prescott remain open.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. 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. Studio Movie Grill Delivers Best-in-Class Experience as Fans Return to its Theaters SMG opens to movie-goers in 7 states: CA, FL, GA, IL, TX, and IN.
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