Madstone Theaters Chain Closes
NEW YORK, NY — The Madstone Theaters company has folded, according to the Salt Lake City Tribune and Indiewire.
Madstone, which laid off 180 people, announced simply: “The company was not able to achieve its business goals.”
Madstone has now closed its theaters in Albuquerque, Atlanta, Ann Arbor, MI, Cary, NC, Chandler, AZ, Denver, Salt Lake City, and San Diego. According to Indiewire, its Tampa location will remain open under new management and a similar deal may be in place for its San Diego theater.