Studio Movie Grill Cinema Chain Files for Chapter 11

Labor News, Industry News

Reprinted from Deadline Hollywood by Jill Goldsmith on October 27, 2020.

Studio Movie Grill, the in-theater dining chain with seven California locations has filed for bankruptcy, one of the first leading exhibitors to officially buckle under pandemic-related financial stress.

The Dallas-based company filed for Chapter 11 in US Bankruptcy Court for the Northern District of Texas. It will continue to operate but reorganize with the protections allowed to renegotiate with lenders, landlords and creditors.

According to court documents, the privately-held 33-theater circuit founded in 1993 by CEO Brian Schultz had estimated assets of $50-$100 million and estimated liabilities of $100-$500 million. …

Deadline Hollywood 10/27

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About Jeffrey Burman 235 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

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