Filing: IPIC closing movie theater near Seattle, will lay off 64 workers amid bankruptcy

IPIC Theaters plans to permanently close its Redmond, Wash., movie theater on April 28, according to a WARN notice filed with Washington state regulators.

The upscale movie theater chain notified state officials on Feb. 23 that all operations at the site will cease “due to business circumstances.”

IPIC last week filed for bankruptcy. The company, which operates 13 dine-in theaters across the country, is also shutting down a theater in Atlanta.

IPIC runs luxury theaters known for recliner seating and full food and drink service. The company opened its theater at Redmond Town Center in 2011.

Movie theaters like IPIC have faced ongoing pressure from streaming services. North American box office numbers fell short of projections in 2025 — just above the prior year but well behind pre-pandemic highs.