“This has been a challenging time for the industry and the brand ’ Croft said in a prepared statement. According to the release, Croft has secured funding for the theater’s growth since 2011 and will now lead its profitability and sustainability as CEO. ![]() The company will also complete construction later this year on a 14-screen location in Georgia.Īddition ally, CFO/COO Ted Croft, who’s been at the company for a decade, will take over as chief executive, replacing founder and former CEO Brian Schultz. ![]() It operated 34 locations in 10 states prior to the pandemic. In its Wednesday announcement, the Dallas-based, dine-in movie theater chain said that as it emerges from bankruptcy, it’s still operating 17 locations in five states, with plans to open two more in other states in the next six weeks. Studio Movie Grill has exited bankruptcy, it announced Wednesday, after filing for Chapter 11 in October due to effects of the COVID-19 pandemic. ![]() By Catherine Leffert – Staff Writer, Dallas Business Journal
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