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The Boca Raton, Fla.-based chain secured $16 million in debtor-in-possession financing to pay its staff and keep its 16 locations - including an eight-screen theater in Houston’s River Oaks District - open during bankruptcy proceedings, which is expected to take 90 to 120 days to complete. IPIC filed for Chapter 11 bankruptcy protection last week, looking to restructure its $204 million debt burden and explore a possible sale to a private equity firm or another theater operator.
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On : Movie theaters up the ante on amenities “IPIC is no longer the only player with premium amenities in town.” “The luxury movie theater model is no longer a unique offering,” said Daniel Loria, editorial director of New York trade publication Boxoffice Media. Megaplexes such as AMC and Regal feature special auditoriums with reclining seats, large-format screens and high-end surround-sound systems.

Dine-in cinema chains, such as Star Cinema Grill, Alamo Drafthouse and Studio Movie Grill, offer seatside service, premium seats and gourmet food and drink options.


Over the past decade however, competitors have caught up to IPIC’s high standards.
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So-called “premium-plus” seats came with unlimited free popcorn. For more discerning guests, the cinema chain offered walled-off privacy pods with personalized swivel tables, complimentary pillows and blankets. Moviegoers relaxed in leather recliners while ordering lobster rolls and sangria from seatside servers summoned by a push of a button. IPIC Entertainment pioneered the premium movie theater experience, offering cinephiles willing to pay a higher price a chance to watch Hollywood blockbusters in the lap of luxury. Melissa Phillip, Houston Chronicle / Staff photographer Show More Show Less IPIC Houston, 4444 Westheimer Rd., in River Oaks District featuring pod seats with a pillow and blanket is shown Thursday, June 27, 2019, in Houston. Melissa Phillip, Houston Chronicle / Staff photographer Show More Show Less 8 of8 Melissa Phillip, Houston Chronicle / Staff photographer Show More Show Less 7 of8 IPIC Houston, 4444 Westheimer Rd., in River Oaks District is shown Thursday, June 27, 2019, in Houston. Melissa Phillip, Houston Chronicle / Staff photographer Show More Show Less 6 of8 Melissa Phillip, Houston Chronicle / Staff photographer Show More Show Less 5 of8 People dine at IPIC Houston, 4444 Westheimer Rd., in River Oaks District Thursday, June 27, 2019, in Houston. Melissa Phillip, Houston Chronicle / Staff photographer Show More Show Less 4 of8 Seared Atlantic salmon is shown at IPIC Houston, 4444 Westheimer Rd., in River Oaks District Thursday, June 27, 2019, in Houston. Melissa Phillip, Houston Chronicle / Staff photographer Show More Show Less 3 of8 Steak frites skewers with lobster claws are shown at IPIC Houston, 4444 Westheimer Rd., in River Oaks District Thursday, June 27, 2019, in Houston. Melissa Phillip, Houston Chronicle / Staff photographer Show More Show Less 2 of8
