In July 2020, Mason Asset Management, Namdar Realty, and VIP Cinemas purchased Goodrich Quality Theaters under the name Goodrich Theater Newco. 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. The purpose of creating the LLCs were to Operate a movie theater and the Secretary of State documents were electronically signed by Igal Namdar.