Studio Movie Grill Obtains Lease Relief at Ch. 11 Cas

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By Vince Sullivan (October 26, 2020, 8:31 p.m. EDT) — Bankrupt movie theater chain Studio Movie Grill received Monday permission from a Texas judge to defer its lease obligations for 60 days to renegotiate its payments of rent under a COVID -19-fueled cash usage of $3 million per month.

In a first appearance in court in Dallas, debtor attorney Frank J. Wright of the law firm Frank J. Wright PLLC said the coronavirus outbreak in March prompted the closure of all 33 restaurant theatres. Studio Movie Grill in 10 states and 21 have since reopened amid an uncertain business environment that is causing the business to bleed…

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