Latest news with #CMX
USA Today
03-07-2025
- Business
- 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_.
The Hill
03-07-2025
- Business
- The Hill
Movie theater chain with locations in 8 states files for bankruptcy again
(WGN) – For the second time in five years, Cinemex Holdings USA has filed for bankruptcy. 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.
Miami Herald
01-07-2025
- Business
- Miami Herald
Huge movie theater chain files Chapter 11 bankruptcy
Movie theaters were not a great business before the Covid pandemic. The industry was already competing with the wide variety of options available to people via streaming, and the fact that most people own large screens to watch movies at home. Going to the movies used to deliver an experience that was much better than what you could have at home. The rise of flatscreen TVs, which have gotten much cheaper, definitely narrowed that gap Add in that going to the movies has gotten very expensive and you can see why people only venture out to theaters for really big movies. Tack on the hassle of parking, the price of popcorn and soda, and it's really easy to argue against leaving the house. The pandemic also showed people that they don't really need to go to the movies. They can wait until things come out for Home viewing and watch them then.. in many cases, they can do that without spending an extra dime because most popular movies end up on streaming services we already pay for And, while there is an occasional blockbuster, that will drive people to theaters, the reality is the business of theaters has gotten smaller. Nobody is going to see a romantic comedy or a traditional comedy, or an art film, or really anything except a giant franchise type film in the theater. And even then, they can only make so many Avengers films, and there's a limit to how often people want to get fast and furious. It's a recipe that's a disaster for movie theater chains CB Theater Experience, which operates movie theaters under the CMX name, filed for bankruptcy once before in 2020. That was in the early days of the Covid pandemic when the company faced long periods of not being able to open its theaters or trying to operate them with social distancing. At that time, the movie industry has been enjoying record box office years. And, while there were signs before Covid that movies might lose ground to home viewing, the industry was considered healthy until the pandemic. The company is a relative newcomer to the movie theater space, but it has tried to be innovative. "CMX Cinemas opened its first flagship dine-in theatre in April 2017 at Brickell City Centre, Miami, FL, ushering in a new era of luxury movie-going experiences. CMX provides state-of-the-art technology and luxurious reclining leather seats in some locations that can be enjoyed through different types of experiences including: CMX CinéBistro, the luxury dine-in theatre concept with in-seat service featuring modern, rustic New-American cuisine from classically trained chefs, CMX Cinemas, the upgraded traditional theater with classic concessions," the company shared on its website. The company has been trying to give people more reasons to visit its theater. Select CMX theatres even offer CMX Stone Sports Bar, a standalone bar that supports the chain showing live sporting events. CMX Cinemas one of the largest movie theater chains in the United States, with 28 locations, 311 screens and over 2,000 employees. CB Theater Experience LLC, a movie theater operator formerly known as Cobb Theater Experience and Cinemex NC, LLC, has filed for Chapter 11 bankruptcy protection in the Southern District of Florida . The Miami-based company, which operates cinema locations under the CMX Cinemas name, listed assets between $50 million and $100 million with liabilities between $1 million and $10 million. The chain's biggest asset as its real estate and it has been working with A&G Real Estate Partners to examine its real estate platform, according to a Bloomberg report. Both CMX and A&G declined a request for comment from the news service. After topping out at nearly $12 billion in 2018, U.S. box office has dropped considerably to $8.5 billion in 2024. It's on pace for similar numbers in 2025 at the year-to-date total sits at $4 billion with the lucrative summer season ahead. Closing all of its locations remains an option for CMX. Currently, its theaters are continuing to operate. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
13-03-2025
- Business
- Yahoo
Skyline Celebrates 45 Years of Exhibit Innovation
The company continues its legacy as a trade show exhibit leader and innovator EAGAN, Minn., March 13, 2025 (GLOBE NEWSWIRE) -- This year marks 45 years since Skyline Exhibits opened in 1980. Since then, the company has become a leader in designing and manufacturing trade show exhibits. Skyline Exhibits began with one of the earliest pop-up trade show displays, inspired by a portable tent. With continued innovation and product development, the company's portable displays quickly gained popularity throughout the industry. In its first decade, the company rapidly expanded, establishing a network of dealers throughout the United States and abroad. Skyline was included on the Inc. 500 list of fastest-growing private companies in 1987 and the decades, Skyline continued to distinguish itself as a definitive leader in the trade show exhibit space, providing the highest quality exhibits, expert services, and comprehensive exhibit program management. While the company produces exhibits well beyond the portables of their legacy, they strive to keep innovation at their core to meet the evolving needs of their clients. "Reaching this milestone anniversary gives us a unique perspective on the industry. Being a pioneer isn't just about creating stunning exhibits; it's about understanding our clients' business goals and helping them build lasting connections," said Skyline CEO Bobbie Caldwell-Hatch. "We're excited to carry that philosophy forward for years to come.' One Source for High-Impact Trade Show ExperiencesSkyline Exhibits continues to take a full-service approach, expanding its focus beyond exhibit design and fabrication. Recognizing the needs of exhibitors, the company has built a network of strategically located service centers, offering comprehensive services, including exhibit storage, maintenance, and repairs, all under one roof. By offering essential services, Skyline alleviates logistical burdens for exhibitors and streamlines the often-complex process of managing trade show assets. "We understand that trade shows can be complex undertakings. Our focus is on simplifying the process for our clients. That means providing guidance, anticipating potential challenges, and ensuring a smooth, collaborative experience from start to finish,' said Skyline Senior VP of Client Experience, Mindy Feih. With extensive manufacturing capabilities, Skyline also offers a significant rental inventory. 'Our custom modular components can be rented or purchased, giving our clients incredible flexibility. This means they can choose the option that best aligns with their budget, exhibiting frequency, and sustainability goals without sacrificing aesthetics and quality,' adds Feih. Driving Strategy & Innovation For All ExhibitorsOver the past few years, Skyline has developed new products and expanded its services to support exhibitors of all sizes. In 2023, the company introduced its propriety approach to trade show exhibiting - Custom Modular Experience (CMX). Utilizing Skyline's propriety 2D2A methodology, this data-driven approach enables its team to help exhibitors design trade show programs that align with their business objectives and produce measurable results. 'We listen closely to the challenges exhibitors face, and that feedback fuels our product development. We're committed to helping exhibitors connect with their audiences more effectively and achieve their business goals,' says Skyline CMO, Wendy Gibson. The use of digital activations in the exhibit space has surged, and in the past two years, Skyline launched more than ten digital solutions including interactive touchscreen tables and LED slider walls. These activations help exhibitors provide immersive experiences to engage their audiences, capture leads, and gather data. The company continues to push the boundaries by transforming custom features into easily accessible solutions—delivering high-impact designs with greater flexibility. Client-Centric LeadershipAs Skyline celebrates this milestone, the company continues to evolve under new leadership. Appointed CEO in late 2024, Bobbie Caldwell-Hatch has prioritized client relationships through the creation of a dedicated Client Experience Team led by industry veteran Mindy Feih, who brings over two decades of Skyline expertise to her new role. "Our 45-year legacy is built on understanding that our clients' success is our success," said Caldwell-Hatch. "This new team represents our commitment to excellence at every client touchpoint, from strategic planning through post-show analysis, ensuring we remain the trusted partner our clients deserve for the next 45 years." About Skyline Exhibits As one source for all exhibiting needs, Skyline designs and manufactures custom modular exhibits and offers a full range of services to create high-impact, sustainable trade show experiences. With 45 years of experience in designing, manufacturing, building, and managing exhibits of all sizes, Skyline helps exhibitors elevate their brand, engage attendees, and achieve their business objectives. To learn more, visit Contact: Valerie Carstens 972.816.0672 valeriecarstens@ A photo accompanying this announcement is available at: Videos accompanying this announcement are available at: in to access your portfolio
