Goodrich Quality Theaters

Goodrich Theater NewCo, LLC (GQT Movies)

Movies. Munchies. Memories.
Company type	Private
Industry	Movie theaters
Founded	Grand Rapids, Michigan (1930)
Founder	William Goodrich
Headquarters	Great Neck, New York
Area served	Michigan, Indiana, Illinois, Missouri, Alabama, and Pennsylvania
Owner	Mason Asset Management Mark McSparin (President)
Number of employees	1001-5000
Website	[1]

Goodrich Theater NewCo, LLC. (GQT Movies, formerly GQTI) is a chain of 22 movie theaters, headquartered in Grand Rapids, MI, representing a total of 174 screens in the United States. The majority of GQT Movies' locations are in Michigan, but other locations could be found in Illinois, Indiana, Missouri, Alabama, and Pennsylvania. The company filed for Chapter 11 Bankruptcy protection in February 2020.^[1] All employees were terminated March 19, 2020 without notice largely due to the COVID-19 pandemic,^{[citation needed]} as many movie theaters were closed by government order in many states. In last July 2020, the company began reopening some of their locations. By the end of the year it had reopened its 22 locations.

The first IMAX screens operated by Goodrich Quality Theaters were unveiled in early 2007. After undergoing renovations, Randall 15 IMAX in Batavia, Illinois featured an IMAX screen, as does Portage 16 IMAX in Portage, Indiana.

Opening in March 2008, Hamilton 16 IMAX + GDX in Noblesville, Indiana was the third GQT location with an IMAX while adding two Giant Digital Experience (GDX) auditoriums in 2016 featuring Dolby Atmos sound. Savoy 16 near Champaign, Illinois underwent renovations and opened an IMAX auditorium on May 3, 2013, to make the fourth IMAX location for Goodrich Quality Theaters.

All of GQT's screens were converted to digital in the Fall of 2011. Every GQT location featured one or more screens equipped with 3D technology, either in RealD 3D or MasterImage 3D.

At the same time, GQT had stepped into the restaurant industry with Features Gastropub in Gibsonton, Florida, a suburb of Tampa.

Bob Goodrich, was the owner and president of Goodrich Quality Theaters, also owns and operates WPRR AM and FM in Grand Rapids.

On February 28, 2020, Goodrich Quality Theaters filed for Chapter 11 bankruptcy.^[1]

In July 2020, Mason Asset Management, Namdar Realty, and VIP Cinemas purchased Goodrich Quality Theaters under the name Goodrich Theater Newco.^{[citation needed]} It was formed in Delaware on July 1, 2020. On July 7, 2020, documents were filed with the Missouri Secretary of State to operate the two Missouri Goodrich theaters as Goodrich Theater Propco LLC - Forum 8 and Goodrich Theater Propco LLC - Capital 8, creating an LLC for each theater location. Creating a LLC for each location is becoming a common scenario to prevent loss in that if one theater location goes bankrupt then it will not cause the entire chain to go bankrupt.^{[citation needed]} The purpose of creating the LLCs were to Operate a movie theater and the Secretary of State documents were electronically signed by Igal Namdar.^{[citation needed]}