Movie theater chain with locations in 8 states files for bankruptcy again
The company, which owns the CMX Cinemas movie theater chain, announced the move earlier this month. Cinemex Holdings USA is now seeking to restructure its business operations 'with the support of its secured lender,' according to a release.
'CMX currently anticipates emerging from Subchapter V during the first part of the third quarter of 2025 and is confident that a comprehensive financial restructuring is in the best interests of CMX, its stakeholders, and business partners overall,' reads the release.
The dine-in movie theater chain has a total of 28 locations across eight states: Alabama, Florida, Georgia, Illinois, Minnesota, North Carolina, Ohio and Virginia.
Despite the filing, CMX says it plans to operate 'business as usual' at its locations.
'CMX continues to welcome customers to its cinemas as usual, and this will not change during the Subchapter V proceedings,' the release said.
The company expects to emerge from bankruptcy proceedings in the third quarter of the 2025 fiscal year.
Cinemex Holdings USA, which itself is owned by the Mexican theater chain Cinemex, opened its first CMX Cinemas theater in the United States in Miami, Florida, in 2017. CMX currently employs around 1,400 people, according to Cinemex's estimates.
CMX Cinemas had also filed for bankruptcy once before, in 2020 during the COVID-19 pandemic.
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Yahoo
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USA Today
7 hours ago
- USA Today
CMX Cinemas files bankruptcy, second time in 5 years for theater chain
For the second time in five years, the owner of CMX Cinemas, Cinemex Holdings USA, has filed for Chapter 11 bankruptcy protection. The decision was announced by Cinemex Holdings USA in a news release on Tuesday, July 1, with the company saying it would be looking to restructure its business operations. According to the news release, the company is expected to emerge from bankruptcy in the third quarter of the 2025 fiscal year. 'CMX currently anticipates emerging from Subchapter V during the first part of the third quarter of 2025 and is confident that a comprehensive financial restructuring is in the best interests of CMX, its stakeholders, and business partners overall,' the release reads. The company filed in the U.S. Bankruptcy Court for the Southern District of Florida, court records show. 'Business as usual' at CMX Cinemas locations With a total of 28 locations across eight states, the dine-in movie theater chain said that it is 'business as usual' at all of its locations. 'CMX continues to welcome customers to its cinemas as usual, and this will not change during the Subchapter V proceedings,' the release continued. 'CMX expects employees will continue to receive their usual wages and benefits without interruption.' CMX Cinemas are located in Alabama, Florida, Georgia, Illinois, Minnesota, North Carolina, Ohio and Virginia. CMX Cinemas filed for bankruptcy amid COVID-19 pandemic This recent filing comes as the owners of CMX Cinemas previously filed for Chapter 11 bankruptcy in April 2020 due to the COVID-19 pandemic. Fortunately, the company was able to successfully emerge from bankruptcy protection in December of that year. The company's current listed assets are between $50 million and $100 million, with liabilities ranging from $1 million to $10 million, according to bankruptcy court documents. Contributing: Samantha Neely/ Fort Myers News Press Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at and follow him on X @fern_cerv_.
