iPic Theaters Files for Chapter 11 Again, Eyes Asset Sale
Luxury dine-in cinema chain iPic Theaters filed for Chapter 11 bankruptcy protection in Florida for a second time and is pursuing a court-supervised sale while continuing operations; the move comes as the company faces lighter release schedules, declining ticket sales, and pandemic-era costs. The chain, which runs eight restaurants and 13 dine‑in theaters across several states, reports assets estimated at roughly $10–$50 million, up to $10 million in liabilities, and a 2025 net loss of about $20 million on $112.5 million in gross revenue, with potential layoffs or theater closures during the process.
