In the years leading up to the bankruptcy in October, Studio Movie Grill was the fastest-growing company-owned theater chain and built the “largest hospitality-centric platform in the exhibition industry,' according to court filings. “It’s a testament to SMG’s founder, team members, and our other stakeholders, that we’re standing here today delivering a best-in-class experience to folks getting out of their homes and safely back into theaters.” “This has been a challenging time for the industry and the brand,” Croft said in a statement. At the time of bankruptcy, Studio Movie Grill had 33 stores.ĬFO and COO Ted Croft, who joined Studio Movie Grill in 2011, will move into the CEO role, replacing founder Brian Schultz. A 14-screen location in Alpharetta, Georgia will finish construction later this year, as well. The Dallas-based chain, which combines movies with full-service dining, has reopened 17 locations in five states, with one set to reopen in Indianapolis next week and another in Upper Darby, Pennsylvania, at the end of May. Studio Movie Grill announced Wednesday that it has emerged from bankruptcy with a slimmer footprint and new leadership.

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