iPic Theaters

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.

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

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

• Luxury dine-in cinema
• Premium movie theaters
• In-theater dining
• Cinema hospitality services
• Premium cinema entertainment

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. 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.
2. 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.
3. Membership Program: Subscription-style membership program where customers earn points ('Every dollar spent equals one point earned') for rewards and benefits.
4. Gift Cards: Gift card sales providing stored value for future ticket and concession purchases.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core 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

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Scale indicators7 records

Recent moves8 records

Expansion highlights3 records

Direct 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

• Xx.com/ipictheaters
• YouTubeyoutube.com/user/ipicentertain
• Facebookfacebook.com/info
• LinkedInlinkedin.com/company/ipic-theaters
• Instagraminstagram.com/ipic

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iPic Theaters