Goodrich, owner of Greater Lafayette movie theaters, files for bankruptcy, future for theaters unclear

LAFAYETTE – The future for the three movie theaters in Greater Lafayette could be at risk after the theaters’ owner, Goodrich Quality Theaters, filed for bankruptcy last week.

The company, which is based in Michigan and owns 30 movie theaters in five states including Indiana, filed for Chapter 11 bankruptcy in Grand Rapids, Michigan, on Feb. 25, according to MiBiz, a Michigan publication.

Goodrich owns nine total theaters in Indiana, including Eastside 10 and Lafayette 7 in Lafayette and Wabash Landing 9 in West Lafayette, the only movie theaters in Greater Lafayette.

Bob Goodrich, president of the movie theater chain, told MiBiz he expects “some” locations might have to sell in a bankruptcy auction process.

Calls and emails to Goodrich from the J&C were not immediately returned.

WOOD-TV in Michigan reported the theater chain owes nearly $33 million to creditors, including Disney, IMAX, Pepsi, Sony and Warner Brothers, among others.

Movie theater managers from Eastside 10, Lafayette 7 and Wabash Landing 9 declined to comment on Monday.

As of Monday, the three Greater Lafayette theaters were open and list movie showtimes for each theater on the Goodrich website through this week and next week.

Emily DeLetter is a news reporter for the Journal & Courier. Contact her at (765) 420-5205 or via email at edeletter@jconline.com. Follow her on Twitter at @EmilyDeLetter.