Longtime CFO and COO Ted Croft also became the chain's new CEO after navigating Studio Movie Grill through the pandemic, in which many of its locations stayed open for food delivery orders, and securing funding in a new equity deal. In April 2021, the company announced that they had emerged from bankruptcy. The company's cash reserves are low due to losses caused by the COVID-19 pandemic. In October 2020, Studio Movie Grill filed for chapter 11 bankruptcy protection. As of 2019, Studio Movie Grill has locations in 10 states consisting of over 300 screens. The concept evolved into the Studio Movie Grill chain. The company originated with the opening of the Granada Prestonwood in Addison, Texas, which featured five screens with private luxury boxes and valet parking. It was described in a Deadline report as having “the most momentum out of all the films currently in development at the studio” but its title and storyline remains a secret.Studio Movie Grill was founded in 1993 by Brian Schultz, who served as its CEO for twenty-seven years, until April, 2021. In October, details emerged about an untitled movie from Damon Lindelof and Sharmeen Obaid-Chinoy. It would break my heart if I were finished, if I couldn’t get back in that sandbox at some point.” It’s just at this point a matter of schedule and when it can happen. In an interview with Empire last year, Johnson said: “I’ve stayed close to Kathleen and we get together often and talk about it. Rian Johnson’s Star Wars trilogy is reportedly still in development as well.
Speaking to TheWrap in June 2022, Waititi said the project would not start shooting that year and that he’s “still trying to figure out what the story is”. The director will be helming the film and writing it alongside One Night In Soho and 1917 screenwriter Krysty Wilson-Cairns. Takiti Waititi’s Star Wars project is still in development and currently looks like the likely candidate for that December 2025 release date. Ewan McGregor and Liam Neeson in ‘Star Wars: The Phantom Menace’.CREDIT: Alamy
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