iPic Theater in Fort Lee, NJ to Close Amid Bankruptcy Filing

Nearly 100 workers will lose their jobs as the luxury cinema chain shutters its location at Hudson Lights.

Mar. 3, 2026 at 6:47am

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iPic Theaters, LLC has filed for Chapter 11 bankruptcy protection and will be closing its eight-screen, 533-seat location in Fort Lee, New Jersey's Hudson Lights development. A WARN notice filed with the state indicates that 97 employees will be laid off at the end of May as a result of the closure.

Why it matters

The closure of the iPic Theater in Fort Lee is a significant blow to the Hudson Lights development, which was envisioned as a luxury mixed-use destination. The loss of nearly 100 jobs is also a setback for the local economy. iPic's bankruptcy filing suggests broader challenges facing the theater industry, which has struggled with the rise of streaming and the COVID-19 pandemic.

The details

iPic Theaters filed for Chapter 11 bankruptcy protection on February 25, 2026 in the U.S. Bankruptcy Court for the Southern District of Florida. The Fort Lee location, which opened in 2016 as part of the Hudson Lights development, will be closing as a result. A WARN notice filed with the state of New Jersey indicates that 97 employees will be laid off at the end of May.

  • iPic Theaters filed for Chapter 11 bankruptcy on February 25, 2026.
  • A WARN notice was filed on February 28, 2026 stating that 97 employees will be laid off at the end of May.

The players

iPic Theaters, LLC

A luxury cinema chain that filed for Chapter 11 bankruptcy protection and is closing its location in Fort Lee, New Jersey.

Hudson Lights

A mixed-use development in Fort Lee, New Jersey that housed an eight-screen, 533-seat iPic Theater location.

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The takeaway

The closure of the iPic Theater in Fort Lee is a significant setback for the Hudson Lights development and the local economy, highlighting the broader challenges facing the theater industry as it grapples with the rise of streaming and the impacts of the COVID-19 pandemic.