Cinemex Filing for Bankruptcy

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  • Mark Gulbrandsen
    Film God
    • Jan 2020
    • 3093
    • Nashville, TN
    #1

    Cinemex Filing for Bankruptcy

    This is fresh news, and WGN has been reliable in the past but Googling this only brings up the 2002 bankruptcy. Anyone else heard anything about this?

    https://wgntv.com/news/chicago-news/...or-bankruptcy/
    Tags: None
    • Frank Cox
      Film God
      • Jan 2020
      • 2314
      • Melville Saskatchewan
      #2
      This is Cinemax, not Cinemark.

      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.​
      They have 28 locations, according to the article.

      Seems like a tiny value for the assets of 28 theatres, though.

        Comment

        • Leo Enticknap
          Film God
          • Jan 2020
          • 3572
          • Loma Linda, CA
          #3
          I'm guessing that the sites are all rented (i.e. the company doesn't own any real estate), but even allowing for that, agreed.

            Comment

            • Ryan Gallagher
              Film God
              • Nov 2022
              • 2855
              • Austin, Texas, USA
              #4
              Yeah I was gonna say that number seemed low too.

                Comment

                • Brad Miller
                  Administrator
                  • Dec 2019
                  • 373
                  • Plano, TX, USA
                  #5
                  EDIT - title corrected so as not to confuse CineMEX with CineMARK.

                  Secondary thread with a few posts and news article is here:
                  https://www.film-tech.com/vbb/forum/...for-bankruptcy

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