Have an Account?
| Register Now
Goodrich Quality Theaters Purchased After Bankruptcy - Some Locations to Reopen, Others Won't

Posted on Saturday, July 18, 2020 and updated on Friday, September 11, 2020 7:22 PM


Remove ads with our VIP Service

Share This Page

Facebook logoTwitter logo
Related Movies/Theaters
Reader Comments
Reader Voice
No comments found. Be the First!
Add Your Comments
Related News Articles

Theater Photos

Goodrich Quality Theaters, Inc. filed for Chapter 11 bankruptcy earlier this year, which placed the fate of its 30 locations in jeopardy. Then the nationwide shutdown of movie theaters happened in March, which didn't put the movie theater industry in a great position.

A press release issued recently announced that most of the assets have been purchased by Mason Asset Management and Namdar Realty Group. The two companies are partners in the ownership/operation of shopping malls.

22 of the 30 movie theaters will be reopened under the ownership of "Goodrich Theater NewCo, LLC. (New GQT)" They will be operated by VIP Cinemas, which currently owns/operates eleven locations around the country.

“We are truly excited to be acquiring and reopening the GQT theaters and we remain optimistic about the future of the industry,” stated Mark McSparin, President of the New GQT. “We will reopen with the main objective of maintaining quality operations for our guests through cleanliness, customer service, and value.  The Goodrich name has been in the theater business for 90 years and we believe that it is important to keep the name going for many more years to come.”

Mark McSparin further stated, “We are pleased to welcome the majority of GQT’s former general managers and staff to the New GQT team, and are aiming to facilitate a smooth transition to re-opening as early as July 31 at certain locations, pending developments in the COVID-19 crisis. The late-July opening will allow the New GQT time to be “ready, set, GO” for all guests ahead of this summer’s biggest hits, including Warner Brothers’ Tenet (August 12 release date) and Disney’s Mulan (August 21 release date).”

“One thing that you can expect right away is a reduction in concession prices, and in most cases, ticket prices. We have built our other theater operations on the promise of value and will continue to make that a hallmark of the New GQT operations,” VP of Theater Operations, Jake McSparin shared.  

The press release goes on to say that GQT gift cards will be honored, as will the GQT Rewards program (subject to applicable law).

Theaters Reopening

The theaters that will reopen under the new company are as follows:

Illinois

Indiana

Michigan

Missouri

Theaters Not Part of the Deal

That leaves the following theaters out in the proverbial cold. It's possible that they'll be sold off but it's also likely that they could be closed for good.

Florida

Illinois

Indiana

Michigan

 

Related News Articles



Remove ads with our VIP Service

Share This Page

Facebook logoTwitter logo
Related Movies/Theaters
Reader Comments
Reader Voice
No comments found. Be the First!
Add Your Comments
Related News Articles

Add Your Comments

Reader VoiceReader Comments

No comments found. Be the first and let us know what you think!

Add Your Comments

Please login
Commenting on Journal Articles is available only to our readers who have customized this site, which makes it easier for you to complete the form and for us to contact you with any questions or concerns about your comments.

Please login or register a new account before continuing.


Already Registered?

Log in to retrieve your saved settings.

E-Mail Address:
BigScreen Passcode:

Forget Your Passcode?

Send My Passcode To Me

Not Registered? Create a New Account!

E-Mail Address
In case we need to contact you. A valid E-Mail address is required, profiles with invalid addresses will be removed.
Please Confirm Your E-Mail Address
ZIP Code
This helps us display theaters that are near you.

Our registered members enjoy more features, including:

Basic accounts are free -- sign up today!

Concerned About Privacy?

So are we! We won't sell, trade, or share your personal information with anyone unless required by law. For more information, please read our Privacy Policy.



Home - About Us - Feedback
News Headlines - Theaters - Movies - Reader Reviews - Movie Links
Your Account - VIP Service

The BigScreen Cinema Guide is a service of SVJ Designs LLC. All graphics, layout, and structure of this service (unless otherwise specified) are Copyright © 1995-2024, SVJ Designs. The BigScreen Cinema Guide is a trademark of SVJ Designs. All rights reserved.

'ACADEMY AWARDS®' and 'OSCAR®' are the registered trademarks and service marks of the Academy of Motion Picture Arts and Sciences.
Find Us on Facebook
Find Us on Instagram