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.