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High-Profile Cinema Operator Exits Bankruptcy With Smaller Footprint

Studio Movie Grill Names New CEO, Keeps Headquarters in Dallas
Studio Movie Grill plans to keep its Dallas corporate headquarters and have 20 theater locations in seven U.S. states operating by the end of the year as part of its plan to exit bankruptcy. (Getty Images)
Studio Movie Grill plans to keep its Dallas corporate headquarters and have 20 theater locations in seven U.S. states operating by the end of the year as part of its plan to exit bankruptcy. (Getty Images)
CoStar News
April 21, 2021 | 10:34 P.M.

Studio Movie Grill, the first high-profile cinema operator to file for Chapter 11 bankruptcy during the pandemic, has exited court proceedings after shedding more than $100 million of debt and ridding itself of some of its real estate leases.

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