LOS ANGELES, CA — Luxury movie theater chain IPIC will close both of its Los Angeles County locations next month as part of bankruptcy proceedings.
IPIC Closures and Bankruptcy
The IPIC locations in Westwood and Pasadena are scheduled to permanently close on April 28. The closures will impact approximately 200 employees, according to state layoff notices.
IPIC filed for Chapter 11 bankruptcy reorganization last week, with a plan to sell its assets. As part of this process, the company filed WARN notices in every state where it operates, informing employees of potential layoffs.
According to a company release, “As part of this process, IPIC cannot guarantee employment beyond the notice period.” No potential buyers for the California locations have been publicly identified.
CEO Patrick Quinn stated, “After exploring a range of possible alternatives, the company concluded that a court-supervised sale of assets is in the best interest of the company and its stakeholders.” Quinn added that IPIC is “committed to continuing our business operations with minimal impact” and will strive to maintain its standard of customer service.
IPIC’s financial difficulties follow a recent report from AMC, the world’s largest movie theater chain, which indicated a nearly 10% drop in attendance during the final quarter of 2025 compared to the same period the previous year. AMC executives anticipate reviewing the performance of 85 locations this year to determine whether they will remain open.
Frequently Asked Questions
When will the IPIC locations close?
The IPIC locations in Westwood and Pasadena are set to permanently close on April 28.
How many employees will be affected by the closures?
Nearly 200 employees will be impacted by the closures, according to state layoff notices.
What is IPIC doing in response to its financial difficulties?
IPIC filed for Chapter 11 bankruptcy reorganization last week as part of a plan to sell its assets.
As the entertainment industry continues to evolve, will consumers continue to seek out the premium dine-in movie experience offered by theaters like IPIC?
