Categories: Illinois News

Chicagoland movie theatre chain files for bankruptcy

SKOKIE, Ill. — For the second time in five years, Cinemax Holdings USA has filed for bankruptcy.

Bloomberg News reports the owner of CMX Cinemas movie theaters has assets that estimate between $100,001 to $500,000 with less than $50,000 in estimated liabilities, according to filings.

The dine-in movie theater chain has a total of 28 locations, including the CMX Old Orchard Luxury

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in Skokie, Illinois. It is one of the largest theater chains in the United States with around 1,400 employees.

According to a release, CMX expects to still operate its business and cinemas without interruption and its employees will continue to receive their usual wages and benefits.

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CMX Cinemas filed for bankruptcy once before in 2020, during the COVID-19 pandemic.

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