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iPic, a luxury theater chain, filed for bankruptcy due to post-pandemic box office struggles and shifting viewer habits.
Luxury movie theater chain iPic has filed for Chapter 11 bankruptcy protection, citing ongoing challenges in the post-pandemic box office environment and shifting consumer habits.
The company, known for its premium seating and high-end amenities, reported declining attendance and revenue throughout 2025, particularly as major studio releases failed to draw crowds.
iPic plans to restructure its operations while continuing to operate its 25 locations across the U.S.
The move follows similar struggles among specialty theater chains as streaming and theatrical competition intensify.
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iPic, una cadena de teatros de lujo, se declaró en bancarrota debido a las dificultades de taquilla posteriores a la pandemia y al cambio de hábitos de los espectadores.