Studio Film Grill returns to the cinema
Studio Film Grill, which misplaced a lot of its enterprise when the nation closed its doorways final yr and studios stopped releasing movies, is popping out of its pandemic shell.
Final month, the Dallas-based firm emerged from chapter. On Wednesday, he named a brand new CEO in longtime CFO Ted Croft. It presently operates 17 places and plans to open two extra, in Indianapolis on April 29 and Philadelphia on Could 27.
He hopes the vaccines and the discharge of extra films, together with a little bit of pent-up demand, will convey individuals to his theaters with full restaurant menus.
Studio Film Grill was one of many quickest rising corporations of its sort greater than a yr in the past, however the pandemic has depleted its money reserves. The corporate solely had $ 100,000 in money when it filed for chapter in October.
It additionally had 33 places. The corporate will emerge with a smaller variety of places, though it hopes to finish development of a brand new location close to a serious buying middle in Alpharetta, Georgia later this yr.
“It has been a troublesome time for the business and the model,” Croft mentioned in a press release. “It’s a testomony to the founding father of SMG, workforce members and our different stakeholders that we’re right here at this time to supply a first-class expertise for individuals who go away their properties and return safely to cinemas. “
Studio Film Grill famous that 2021 has been good up to now with titles corresponding to Tom & Jerry, No one, and Godzilla vs Kong. However he is additionally ready for brand spanking new titles like Mortal Kombat, A Quiet Place II, Cruella, and Quick & Livid 9.
Croft had been CFO and COO of Studio Film Grill and first joined the corporate in 2011. Previous to that he labored with plenty of restaurant chains together with Macaroni Grill and Nook Bakery.