“We are thrilled to be working with BAS Global which we believe will be excellent local partners to lead growth of the iPic brand throughout the Kingdom of Saudi Arabia,” says Hamid Hashemi, Founder & Chief Executive Officer of iPic® Entertainment. Through this partnership, the Company believes there are significant expansion opportunities for the iPic® brand in the Kingdom of Saudi Arabia over time. With roughly two-thirds of the local population under 30 years of age, the country’s demographics play into iPic®’s strength as a social entertainment destination that is also an affordable luxury.
Ipic locations movie#
This is a monumental time for the Kingdom of Saudi Arabia as it is now allowing movie theaters to open for the first time in more than 35 years.
This relationship reflects the Company’s strategy to pursue international asset-light licensed agreements. iPic® has formed a partnership with BAS Global Investments Company, a well-known Saudi group. Star Cinema Grill currently operates nine cinemas in Texas and Illinois, and is a sister company to Culinary Khancepts which operates several restaurant brands including Liberty Kitchen and State Fare Kitchen & Bar.BOCA RATON, Fla., Ma(GLOBE NEWSWIRE) - iPic® Entertainment (“iPic” or the “Company”) (NASDAQ:IPIC), America’s premier luxury restaurant-and-theater brand, today announced the signing of a Memorandum of Understanding to develop its one-of-a-kind, world-class luxurious iPic® theater-and-restaurant locations throughout the Kingdom of Saudi Arabia. Guests enjoy the best of first-run presentations along with the conveniences, comforts and choices of ways to enjoy their experience through a variety of reserved seating options, scratch made menu and full-service bars showcasing a wide selection of beer, wine and spirits. Houston-based Star Cinema Grill is a privately held dine-in theater concept treating guests to unforgettable cinematic experiences with unmatched hospitality, cutting edge technologies, beautifully designed facilities and premium food and beverage offerings. “These former IPIC’s are a great brand fit and we look forward to getting both locations back open as quickly as possible.” “We are so excited to add two more fantastic theaters to our chain, and give our Hollywood Palms Cinema brand some sister locations in the Chicago market” says Jason Ostrow, Vice President of Development. Ticket pricing will be very competitive in the market and will ensure that everyone who wants to enjoy a movie at these locations will be able to do so. Star Cinema Grill appeals to all segments of the communities it serves and provides an affordable, yet upscale experience that everyone from families to date night can enjoy.
Ipic locations full#
With favorites like house made Everything But The Bagel Hummus, Southwest Eggrolls, Hand Battered Chicken Tenders, Strawberry Chicken & Walnut Salad and many more American Grill selections in addition to the full bar that guests have come to enjoy at the movies. The menus will also be updated to be much more approachable for the communities that these theaters serve. These locations will also offer Star Cinema Grill’s Premium Pod Seating, which have added amenities that guests will love like privacy walls, blankets and priority food and beverage service. Some of those improvements will include upgrading, in 100% of the auditoriums, new premium recliner seats, all with seat heaters as well as seat-side food and beverage service to ALL seats, not just the premium sections. Upon reopening guests will experience the difference that Star Cinema Grill offers from the previous operator. Star Cinema Grill remains in active negotiations to pick up more locations that complement the portfolio of the existing circuit.
Star Cinema Grill is expected to begin operations at both locations in the first quarter of 2022.
Houston-based Star Cinema Grill today announced that it has executed lease agreements, and plans to soon re-open two former IPIC locations in the Chicago suburbs of South Barrington and Bolingbrook.
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