iPic Theaters
iPic Theaters operates 13 luxury dine-in cinema locations across 8 US states, offering reclining seats with chef-driven in-seat dining and IMAX. Filed for Chapter 11 bankruptcy in February 2026, reporting $112.5M revenue and a $20M net loss.
- Company typePrivate
- Founded2010
- HeadquartersBoca Raton, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What iPic Theaters does
iPic Theaters is a private US operator of luxury dine-in cinemas and restaurants, headquartered in Boca Raton, Florida and organized as IPIC Theaters, LLC. Founded in 2010 by Hamid Hashemi, the company operated 13 theater locations across 8 US states (Florida, Georgia, Maryland, New Jersey, Texas, California, and Washington), totaling approximately 100 screens, alongside 8 ancillary restaurant locations. Each theater combines reclining Premium Plus seating, full in-seat food and beverage service with a chef-driven menu and signature cocktails, and IMAX-format screens. The company has framed its positioning as a premium entertainment escape differentiated from standard multiplexes.
The core product is the dine-in cinema experience, supported by iOS and Android mobile applications for ticketing, a membership loyalty program that awards one point per dollar spent, and gift card sales. The technology stack is conventional for the cinema category: third-party movie metadata is sourced via the TMDB API for showtimes and posters, and the company does not operate proprietary content distribution or streaming technology, relying instead on standard studio film releases (e.g., The Odyssey, Moana live-action, Toy Story 5). There are no patents, trademarks, certifications, or proprietary AI/ML systems disclosed.
iPic generates revenue through four streams: ticket sales, in-theater food and beverage sales, the membership program, and gift cards. The company filed for voluntary Chapter 11 bankruptcy protection in the Southern District of Florida in February 2026, reporting $112.5 million in annual revenue against a $20 million net loss and more than $2.5 million owed to vendors and workers. WARN notices were issued to the entire 1,300-employee workforce, and permanent closures of theaters in Westwood, Pasadena, Redmond, and Atlanta are scheduled for April 28, 2026. The company is continuing operations during an expedited court-supervised asset sale intended to maximize creditor recovery.
iPic Theaters firmographics
Firmographics- Name
- iPic Theaters
- Legal name
- IPIC Theaters, LLC
- Website
- https://ipictheaters.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- iPic Theaters operates 13 luxury dine-in cinema locations across 8 US states, offering reclining seats with chef-driven in-seat dining and IMAX. Filed for Chapter 11 bankruptcy in February 2026, reporting $112.5M revenue and a $20M net loss.
- Ownership category
- akta.pro rank
iPic Theaters industry classification
Industry- Product category
- Premium Dine-In Cinema
- NAICS
- Motion Picture Theaters (except Drive-Ins) (512131), Motion Picture and Video Exhibition (51213)
- SIC
- Services-Motion Picture Theaters (7830), Services-Amusement & Recreation Services (7900)
- akta.pro primary industry
- Cinema Concessions & On-site F&B Operations (MPADAKAN)
- akta.pro secondary industry
- Independent & Art-house Cinemas (MPADAKAB)
Keywords
Where iPic Theaters is headquartered
LocationHeadquarters
- HQ city
- Boca Raton
- HQ country
- United States
- HQ region
- North America
Offices12 records
Markets served
iPic Theaters business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Movie Ticket Sales: Primary revenue from selling tickets to movie screenings across 100 screens at 13 theater locations. Revenue is transaction-based, one-time per customer visit.
- Food and Beverage Sales: In-theater dining with chef-driven menu and signature cocktails delivered to seats. This is a significant ancillary revenue stream for the luxury dine-in experience.
- Membership Program: Subscription-style membership program where customers earn points ('Every dollar spent equals one point earned') for rewards and benefits.
- Gift Cards: Gift card sales providing stored value for future ticket and concession purchases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Standard movie admission with in-theater dining available |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
iPic Theaters product offering
Product offeringCore offering
iPic Theaters operates a chain of luxury dine-in movie theaters that combine premium cinema exhibition with chef-driven food and beverage service delivered directly to guests at their seats. Theaters feature plush Premium Plus reclining seats, reserved seating, and select locations incorporate IMAX screens for an upscale theatrical entertainment experience.
Product overview
iPic Theaters operates as a unified luxury dine-in cinema platform consisting of 13 theater locations across 8 US states (Florida, Georgia, Maryland, New Jersey, Texas), offering premium movie screenings with full restaurant-level dining service. The product portfolio centers on the core Premium Plus Seat experience enhanced by chef-driven in-theater dining, supported by mobile apps for ticketing and a membership loyalty program. The company also operates 8 standalone restaurant locations, though these are ancillary to the cinema experience.
Differentiator
Problem solved
Functional benefit
Products and services
- Premium Dine-In Movie Theater Experience
- In-Theater Dining Service
- Private Theater Rentals and Group Events
- iPic Theaters Mobile App
- iPic Membership Program
- iPic Gift Cards
Companies that use iPic Theaters
Customer profileSegments2 records
Ideal customer profiles2 records
iPic Theaters technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
iPic Theaters partnerships and signals
Strategic signalScale indicators7 records
Recent moves8 records
Expansion highlights3 records
iPic Theaters competitors and assessment
Company assessmentDirect peers
- Alamo Drafthouse Cinema: Premium dine-in cinema chain known for in-seat food and beverage service combined with curated film programming. Closest direct competitor to iPic's chef-driven, full-service theater model.
- Studio Movie Grill: Dine-in movie theater chain operating full-service kitchens with seat delivery, directly comparable to iPic's Premium Plus seat-service experience.
- Movie Tavern: Dine-in theater concept offering full food and beverage service at the seat, closely mirroring iPic's premium positioning in the same competitive set.
- Flix Brewhouse: Dine-in cinema chain with on-site brewery and seat-service food and beverage, providing a directly comparable premium-cinema-plus-F&B hybrid model.
- Silverspot Cinema: Premium dine-in cinema with full restaurant service and bar at the seat, an emerging direct competitor in the upscale experiential cinema niche.
- LOOK Dine-in Cinemas: Premium dine-in theater operator combining restaurant-quality food with luxury seating, directly comparable to iPic's full-service cinema concept.
Broad incumbents
- Cinemark Holdings: Large national theater chain with premium-format screens (XD, IMAX, recliners) but without the full sit-down dining model; competes for the same blockbuster film-going audience at scale.
- AMC Theatres: Largest U.S. theater operator with premium formats (IMAX, Dolby, recliners) and MacGuffins bar service; a broad incumbent competing for the same premium moviegoing occasions as iPic.
- Regal Cinemas: Major U.S. multiplex operator offering premium seating and RPX screens; competes for premium-experience audiences without iPic's full dine-in kitchen model.
- Marcus Theatres: Mid-size U.S. theater chain offering premium recliner seating and food/beverage options such as the Take Five Lounge; overlaps with iPic's premium positioning at broader scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
iPic Theaters social profiles
Digital presenceiPic Theaters financial estimates
Financial estimateRevenue estimate
Valuation estimate
iPic Theaters leadership team
Management profileNumber of profiles
Profiles1 record
iPic Theaters funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iPic Theaters M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iPic Theaters
What does iPic Theaters do?
iPic Theaters operates a chain of luxury dine-in movie theaters that combine premium cinema exhibition with chef-driven food and beverage service delivered directly to guests at their seats. Theaters feature plush Premium Plus reclining seats, reserved seating, and select locations incorporate IMAX screens for an upscale theatrical entertainment experience.
Is iPic Theaters a public or private company?
iPic Theaters is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was iPic Theaters founded?
iPic Theaters was founded in 2010. It employs 501 to 1,000 people.
Where is iPic Theaters based?
iPic Theaters is headquartered in Boca Raton, United States, in the North America region.
How does iPic Theaters make money?
Four revenue lines are on record. Movie Ticket Sales are the primary driver. The others are food and Beverage Sales, membership Program and gift Cards.
Who are iPic Theaters's main competitors?
Direct peers on record are Alamo Drafthouse Cinema, Studio Movie Grill, Movie Tavern, Flix Brewhouse, Silverspot Cinema and LOOK Dine-in Cinemas. Broad incumbents are Cinemark Holdings, AMC Theatres, Regal Cinemas and Marcus Theatres.
Does iPic Theaters have an API?
No public API is recorded for iPic Theaters.
What industry is iPic Theaters in?
iPic Theaters's product category is Premium Dine-In Cinema. Its primary akta.pro industry code is MPADAKAN, Cinema Concessions & On-site F&B Operations, with a secondary code of MPADAKAB, Independent & Art-house Cinemas. Its NAICS code is 512131 and its SIC code is 7830.